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Australia: House Prices, Rents, and Rental Yields

Last Updated: Aug 11, 2008

Yields still increasing for smaller units of 50 sq.m.

Last Updated: Aug. 11, 2008
SYDNEY - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
55 sq. m. 361,130 2,418 8.04% 6,566 43.97
100 sq. m. 691,900 3,316 5.75% 6,919 33.16
180 sq. m. 1,589,400 6,320 4.77% 8,830 35.11
Districts researched:
Central Business District, Darling Point, Point Piper, Potts Point, Pyrmont, Surry Hills, Ultimo, Woolloomooloo
Source: Global Property Guide                    Definitions: Data FAQ                       See also: Update Schedule

Gross rental income for Sydney apartments are excellent at 8.04%, up by 1.5% from the previous year of 6.96%. Smaller units of 50 sq.m. are increasing while larger properties have remained somewhat stable with increases of less than 1%.

The average cost of apartments ranging from 55 sq.m. to 180 sq.m. is US$7,438 per sq. m. The cost of a 180 sq. m. apartment is around US$1,589,400 or US$8,830 per sq. m.

 

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