All Topics / Help Needed! / How to find out yield in an area
Can anyone tell me where/how I can find out the average yield in a particualr area? I know API includes some info on this, but it doesn’t cover the area I need to know about.
Thank you!
Hi Persistence. Try http://www.homepriceguide.com.au/ This is a good start.Good luck.[cap]
Chris Durman
Commercial Capital Finance Pty Ltd
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CAUTION – This message may contain privileged and confidential information intended only for the use of the addressee named above. Any views expressed in this message are those of the individual sender and may not necessarily reflect the views of the Commercial Capital Group.Hmmm… couldn’t find anything about rental yields on that site, though it had some other great stuff.
Any other thoughts anyone?
Hi persistence,
You could try the link I provided in THIS thread:-
https://www.propertyinvesting.com/forum/topic/14183.htmlThe AussieValuer does give yields – and they seem to change every 3 months – but please don’t ask me any more about it. The data appears to be useful, but Aussie don’t even date it, or indicate HOW they arrived at the various figures. They simply say “it’s current” – it won’t change for another 3 months (just changed again in the last 2 – 3 weeks, so look again in Feb 05 for an update) What you see is what you get.
Still, see how you go – it’s the only resource I’ve found that even includes “yield”, so “Thanks Aussie” for that.
Benny
Try looking in the local real estate windows for rentals listed and work out what price similair houses cost to buy in area. Then work out yield by dividing annual rent/ house price * 100
Look also for rental advertisements in local papers for rental prices.
Or ask real estate agent for rental listings ie pretend to be an interested renter.I agree with the Duckster. There is no easy way out, you have to find what properties are generally renting for and do the calculations yourself.
Terryw
Discover Home Loans
Mortgage Broker
Click below to email meTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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