G9/16 Lomandra Drive, Clayton South VIC 3169

Clayton South unit | mid-$400s entry | strong rental yield | mixed capital growth | high tenant turnover This unit presents a competitively priced entry into a large, established apartment building, offering a practical foothold in the suburb. Its primary strength is the demonstrable rental demand, with a comparable two-bedroom unit achieving a 6.4% yield, positioning it firmly for an investor seeking immediate cash flow over speculative growth. The configuration, whether one or two bedrooms, serves a budget-conscious buyer or investor targeting the essential rental market, not luxury. Your decision hinges on accepting subdued capital growth, as recent building sales show minimal annual appreciation, often below 1%. This is compounded by high tenant churn, with 70% of owners holding under six years, signaling potential dissatisfaction or a speculative environment. The opportunity lies in acquiring a cash-flow positive property at a basis below recent two-bedroom sales, but you must hold it as a long-term income property, not a short-term appreciating asset. Recent sales within the same building provide a clear value benchmark: – 201/16 (2 bed): Sold $560,000 in Feb 2026 – 305 (2 bed): Sold $510,000 – 210 (2 bed): Sold $500,000 – 314 (1 bed): Sold $373,000 – 107 (1 bed): Sold $370,000 This data confirms the subject property’s estimated value in the $450k-$475k range is plausible, particularly for a two-bedroom layout, sitting at a noticeable discount to the most recent premium sale. The wide dispersion in sale prices, however, indicates value is highly specific to individual unit attributes and sale conditions.