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Oct 01, 2012

Rental returns in Sydney are acceptable

			Last Updated: Oct. 01, 2012
SYDNEY - Apartments	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
SYDNEY - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
60 sq. m.	486,720	2,537	6.26%	8,112	42.29
100 sq. m.	871,700	3,592	4.94%	8,717	35.92
150 sq. m.	1,894,500	6,203	3.93%	12,630	41.35
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

Apartments in the prime areas of Sydney, the largest city in Australia, cost around USD 8,000 to USD 12,600 per square metre (sq. m.). Bigger apartments tend to cost more, for example, a 150 sq. m. apartment costs on average USD 12,600 per sq. m., whereas a 100 sq. m. apartment costs USD 8,700 per sq. m.

Rents range from USD 36 to USD 42 per sq. m. per month. A 150 sq. m. apartment can be rented for around USD 6,200 per month, while a 100 sq. m. apartment costs around USD 3,600 per month. The gross rental yield for apartments, i.e., the gross return on investment in an apartment if fully rented out, ranges widely, from 3.93% to 6.26%.

Small apartments earn significantly higher rental returns than big apartments. For example, a 60 sq. m. apartment earns rental returns of 6.26%, while 100 sq. m. and 150 sq. m. apartments earn poor rental returns at 4.94% and 3.93%, respectively.

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