Top-selling Block 2011 Richmond property reduces asking rent: Title Tattle
One of the four
It was the dearest home sold at last year's auction – the three-bedroom
Before last September's auction buyers were given guidance that the property could be expected to fetch between $1,200 and $1,300 per week in rent and came with price hopes of $900,000 to $990,000.
It was initially for lease with a weekly $1,250 asking rent last September.
Its is now available for rent at $1,100 a week.
It’s listed for rent through Woodwards Carnegie.
Its initial asking rent post-auction reflected a 6.3% gross yield.
It’s scary, really, how little people know as they consider spending hundreds of thousands of dollars: Terry Ryder
To succeed, you have to go deeper, look behind that shallow analysis of economists and property research firms, and understand what’s happening at a more micro level.
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