5.8 percent yield in weekend's cheapest auction result

5.8 percent yield in weekend's cheapest auction result
Staff ReporterMay 22, 2016

Adelaide's weekend clearance rate sat in equal second place at 70 percent, according to CoreLogic RP Data.

The nation's cheapest sale was in Adelaide's Rostrevor.

The one bedroom Radnor Avenue villa offering fetched $209,000. It had sold at $166,500 in 2008. It was a $235 a week rental, so reflected a 5.8% gross yield.

Editor's Picks

Alderley set for 400-apartment Station Quarter development opposite train station
Pembrook Homes to bring contemporary townhomes to Reservoir
First look: Holdmark submits Sydney's latest Transport Oriented Development at Macquarie Park
5% deposit offer - Buy into Brighton's affluent property market with 111 Carpenter townhomes
Far East Consortium's charity push in Australia’s biggest stair climb challenge