All Topics / Help Needed! / How to find out yield in an area

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  • Profile photo of persistencepersistence
    Member
    @persistence
    Join Date: 2004
    Post Count: 12

    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!

    Profile photo of Chris100Chris100
    Participant
    @chris100
    Join Date: 2004
    Post Count: 22

    Hi Persistence. Try http://www.homepriceguide.com.au/ This is a good start.Good luck.[cap]

    Chris Durman
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    Profile photo of persistencepersistence
    Member
    @persistence
    Join Date: 2004
    Post Count: 12

    Hmmm… couldn’t find anything about rental yields on that site, though it had some other great stuff.

    Any other thoughts anyone?

    Profile photo of BennyBenny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,416

    Hi persistence,

    You could try the link I provided in THIS thread:-
    https://www.propertyinvesting.com/forum/topic/14183.html

    The 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

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674

    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.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    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
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 6 posts - 1 through 6 (of 6 total)

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