Maribyrnong VIC: $350,000 unit, rented in the first week at a 6.7% gross yield

The brief

An investor couple wanted an affordable, income-producing property with defensible fundamentals. Our market screen pointed to Melbourne’s inner west: Melbourne sits at the bottom of its price cycle while most other capitals have already run 70 to 120% this cycle, and the 8km ring combines land-backed stock with deep rental demand.

The purchase

We secured a two-bedroom unit in Maribyrnong for $350,000, with the car park on its own separate title. Settlement completed in September 2026 and the property was leased within the first week at $450 per week — a 6.7% gross yield, with body corporate costs of roughly $1,000 a year.

What due diligence found

The block is a self-managed owners corporation with no sinking fund — a detail most buyers never check and one that can turn a cheap property into an expensive one. Rather than walking away or ignoring it, we modelled a $1,500-a-year buffer into the purchase numbers before offering. The deal still stacked up, so our client proceeded with full knowledge of the risk. We also flagged the main-road zoning so the decision was made with eyes open.

Why it worked

Market first, suburb second, property third. The yield came from buying the right market at the right point in its cycle, filtering to low-rise stock with low holding costs, and verifying the rent with independent evidence before offering — not from chasing the biggest number on a listing.

This is an actual client purchase completed by Invision Property. Yields are gross and calculated from the actual purchase price and rent achieved. Past results are not a guarantee of future performance; every purchase is assessed on its own fundamentals. General information only — not financial advice.