Why invest in a house when you can get a 5pc yield on a laundromat?
Larry SchlesingerReporter
A Melbourne medical facility was snapped up for $24 million at a commercial property auction on Wednesday on just a single bid.
But it was the sale of a suburban laundromat for just $835,000 which highlighted the appetite for higher-yielding non-residential assets from investors spurning the housing market.
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