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Last Updated: Sep 10, 2009

Dramatic drop in rental yields

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, Peppermint Grove, 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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