108 Symonds Street, Golden Square VIC 3555
108 Symonds Street, Golden Square VIC 3555
Quiet street | 640mยฒ block | tenant secured to 2027 | 12.6% suburb growth
The property offers a rare combination of a low-maintenance brick house on a full 640mยฒ block with a tenant already locked in through early 2027, removing vacancy risk for a new buyer. The 12.6% suburb growth and $930/mยฒ land rate suggest the location is appreciating steadily, and the double carport plus rear shed add practical utility for a family tenant. This suits an investor seeking immediate, predictable cash flow without needing to renovate or re-lease.
The main risk is the single bathroom, which may limit appeal to larger families or future owner-occupiers, capping longer-term capital growth potential. However, the secured tenant and 4% yield provide a stable hold during the lease term, and the central kitchen-dining layout works well for modern renters. Buy as a set-and-forget income property, review positioning after the tenant vacates in 2027.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 108 Symonds Street, Golden Square VIC 3555
Market Insight:
Golden Square is a suburb with strong appeal for professional households, particularly childless couples, which underpins its stable demand. Recent market activity shows robust price growth for both houses and units, supported by high sales volumes and a competitive rental market with solid yields. Future growth is anchored by its established owner-occupied base and professional demographic, though the market exhibits some volatility, indicating sensitivity to broader economic conditions like interest rates.