This property was purchased for $597000 ( a massive 809m2 block) for an investor couple who were looking to get into the Perth market. The property was a deceased estate and was purchased Off market least 10-20 K under market value through relationships with agents in the area. The property has a solid rental yield of 5.2%, is within 10 minutes to the beach and has been purchased in an area where values are expected to rise further.
