Looking for a new investment? Why not check out some of our latest listings that our Property Management team feel will make great investments.

17-21 Loftus Street, Wollongong

Currently under construction, the Loft Apartments is a mix of 1, 2- & 3-bedroom apartments with quality finishes throughout and a unique roof top terrace for residents to unwind and take in the views over Wollongong.

We have found there has been an increased demand for quality 1-bedroom apartments in the Wollongong area particular for singles and younger working couples not wanting to spend as much on rent in comparison to a new 2 bedroom apartment.

With a buyer’s guide of $399,000 and an approximately rental return of $420 per week for a 1-bedroom apartment this would make an ideal investment with the potential for minimal vacancy periods due to the proximity to the Wollongong hospital precinct and CBD.

In addition, you can expect a gross rental yield of approximately 5.2% and greater tax depreciation benefits being a newly constructed property.

For further information go to: mmj.com.au

24 Boronga Crescent, Berkeley 

Another great investment opportunity outside the immediate Wollongong area is this ideal Torrens title duplex.

The property itself is only 5 years old and has had one owner who has made additional improvements in recent years ensuring the property is well maintained. The property has a small low maintenance courtyard so minimal works required by tenants and being a torrens title duplex there are no additional strata fees to worry about.

Taking into consideration other similar properties in the area you could expect to achieve a rental return of approximately $520 per week and an approximate gross rental yield of 4.7%

For further information go to: mmj.com.au

9/45 Cordeaux Road, Figtree 

Located in a growing popular area and being within close proximity to Figtree Grove, local schools and bus transportation this brand-new townhouse provides another great opportunity for those investors seeking tax depreciation benefits.

This townhouse is currently vacant but there are others within the complex that are still available for purchase with existing tenancies already in place paying $550 per week in rent.

With a buyer’s guide of $639,000 and an approximate gross rental yield of 4.4% this would be a great opportunity for a first home buyer / investor to occupy first with a view to rent out after your initial occupation period.

For further information go to: mmj.com.au

What is rental yield?

Rental yield is essentially the amount of money you make on your investment property. The above estimates are a “gross” value therefore are calculated without taking any property expenses into account.

Some examples of expenses you may wish to consider would include:

·         Repairs & maintenance

·         Strata levies, council & water rates

·         Property management agency fees

·         Insurance

·         Depreciation