All Topics / General Property / What would be a good yield for properties in Melbourne?

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of _joyce_joyce
    Participant
    @_joyce
    Join Date: 2008
    Post Count: 16
    January 21, 2009 - 12:40 am

    Hi all,

    I am looking to get a PI at Melbourne city itself (Vic) and wonder if anyone has advice on what would be considered as a ‘good’ yield for a cashflow positive PI.

    The PI will be on a loan.

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763
    January 21, 2009 - 3:02 am

    Hi,

    For residential property, 7%+ would be a good result in metro areas.

    For commercial property, 10%+ would be a superior return.

    I recommend buying the following book:

    "The Property Professors Top Australian Suburbs" – Peter Koulizos

    All the best,

    – Steve

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.