Australia: House Prices, Rents, and Rental Yields
In Depth
- Overview
- Price History
- Rental Yields
- Taxes and Costs
- Tax on Rent (Example)
- Buying Guide
- Landlord and Tenant
- Inheritance
- Living There
- Useful Links
- Country Statistics
Find Property
Directory
Global Statistics
Regional Statistics
- Sq. M. Prices
- Rental Yields
- Rents
- Price/Rent Ratio
- Price/GDP per Cap
- Buy/Sell Costs
- Rental Income Tax
- Capital Gains Tax
- Price Change 1 yr
- Price Change 5 yrs
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Economic Freedom
- Ec. Freedom 5 yrs
- Competitiveness
- Property Rights Index
- Currency +/- Value
- Taxes on Residents
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.)
Post a comment
Subscribe to our Newsletter!
Enter your email address to sign up.
RSS
Your Comments
Be the first to comment!