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Last Updated: Sep. 10, 2009 |
| SYDNEY - Apartments |
COST (US$) |
YIELD (p.a.) |
PRICE/SQ.M. (US$) |
| TO BUY |
MONTHLY RENT |
TO BUY |
MONTHLY RENT |
| 40 sq. m. |
277,600 |
1,133 |
4.90% |
6,940 |
28.32 |
| 60 sq. m. |
392,040 |
1,728 |
5.29% |
6,534 |
28.80 |
| 100 sq. m. |
696,000 |
2,381 |
4.11% |
6,960 |
23.81 |
| 200 sq. m. |
1,812,600 |
4,150 |
2.75% |
9,063 |
20.75 |
Districts researched:
Sydney: CBD, Paddington, Darling Point, Double Bay, Kirribilli, Rose Bay, Tamarama, Bellevue Hill, Point Piper, Potts Point, and Vaucluse
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
Despite the good news from the Australian economy, which has largely avoided the recession, gross rental yields on Sydney apartments appear to have dropped dramatically in the past year, from 8.04% last year, to a mere 4.26% in 2009.
The average cost of apartments has meanwhile stayed stable, at around US$7,374 per square metres (sq.m.)
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