Australia: House Prices, Rents, and Rental Yields
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Last Updated: Aug 07, 2007
5.85% for 120-sq.m. apartment in Sydney
| Last Updated: Aug. 7, 2007 | |||||
| SYDNEY * - Apartments | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 50 sq. m. | 314,550 | 1,824 | 6.96% | 6,291 | 36.48 |
| 120 sq. m. | 850,200 | 4,145 | 5.85% | 7,085 | 34.54 |
| 150+ sq. m. | 1,453,950 | 5,019 | 4.14% | 9,693 | 33.46 |
| * Darling Point, Darlinghurst, Elizabeth Bay, Millers Point, Point Piper, Potts Point, Pyrmont, Surry Hills, Sydney CBD, Ultimo, Wolloomooloo Source: Global Property Guide |
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Gross rental income for Sydney apartments are increasing and are now reaching up to 6.96% for small units of 50 sq. m. Yields average around 5.65%.
Average cost of apartments is US$7,690 per sq. m. The cost of 150 sq. m. apartments, and larger, is around US$1,454,000, or US$9,693 per sq. m.
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