Will you buy this ?

[bornfree]

http://www.realestate.com.au/property-house-qld-holland+park-106653093
Lovely house, lovely suburb, may be fantastic expected/projected/hopeful capital growth (real data doesn't support the myth/propaganda that "blue chip" suburbs outgrow cheaper suburbs) in future, but gee, currently returning $340 pw. This is the type of IPs some buyer agents pushing.

 

[vbplease]

Wow, a yield of under 3% where do I sign?

From the peeps that I know who've rented and bought in the area, I'd guess the market rent should be closer to $410/wk, and sale price of $500k?? Still an ordinary yield.. $595k would get you a nice house in Coorparoo/Camp Hill.

This is the type of IPs some buyer agents pushing.

Did a BA actually push this to you?? I don't think it's marketed at investors.. who knows, some owner occupier may fall in love with the bathroom tiling and pay $595k

 

[Roachy]

Rubbish, don't touch it!

 

[wylie]

From the peeps that I know who've rented and bought in the area, I'd guess the market rent should be closer to $410/wk, and sale price of $500k?? Still an ordinary yield.. $595k would get you a nice house in Coorparoo/Camp Hill.

I would have thought (judging from the photos) that you could get $440 a week. We are getting $440 a week for a house similar to this in size and internal style but ours is much uglier from the street). I wouldn't think this would sell for $500K, and think $550K to $600K (perhaps a little more), going on past sales around the area. One nearby (not as nice inside, smaller block, worse street) just sold for $575K.


Did a BA actually push this to you?? I don't think it's marketed at investors.. who knows, some owner occupier may fall in love with the bathroom tiling and pay $595k

There is money being spent on houses in this area, so the whole area is slowly getting more attractive.

 

[bornfree]

Not sure how much it should rent for, just started looking around. The BA was pushing IPs around mid 5 at up to 4% yield, but the properties are nowhere as nice looking as this. Just thinking if an investor pays $600K and only getting $340 pw rent.