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That Clarendon Street one looks like a redevelopment site. You can't expect high rent on a dump just because the block is big and can be redeveloped. Talk about want your cake and eat it too. :) The rent on that other one does look a bit low however, but keep in mind the comments others...

I don't think there would be too many $350K properties only capable of getting $250 a week! I personally am getting 4.9% on my property I purchased in May this year for $290K. My friend purchased a property also in Frankston about 9 months before me for $265K, and she's getting about 5.3%...

I should hope not, especially if the tree was there before you!

As much as I'd love to wish that was the case, I think it's perhaps a little optimistic. I bought in May but still watch the properties that come up for sale. I've noticed a bit of an increase but I think 18% in 4 months is a bit much, perhaps it's just some of the properties you have been...