Australia: House Prices, Rents, and Rental Yields
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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 |
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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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