Some people simply avoid properties because they are listed as being on a main road.
This example in Coogee is a prime reason why the address does not always fit the full property description.
A beautifully renovated two bedroom apartment in an Art Deco building, this property is located at the rear of the block and suffers none of the concerns of living on a main road.
However, given the sale price was so considerably higher than the price guide, the rental yield simply didn’t make sense as an investor.
In this video, I discuss what I love about the apartment and also why I would pass in this price range for such a property.