What gross yield (excluding interest charges & outgoings) & net yield (if anyone bothers) would you consider as acceptable for a purchase in Sydney? http://www.smh.com.au/news/business/money/property/rental-yields-dont-figure/2009/07/27/1248546674116.html?page=fullpage#contentSwap1
Obviously yields vary from area to area so nominate an area & yield, eg: Sydney CBD, Lower North Shore, Inner City, Inner West, West, South, South West, Inner East, Eastern.
A little bit of self-interest here (I've found one with what I think is a very attractive yield, very good area and would classify as a bargain) so I just want to see what others consider acceptable.
Thx
SNM
Have seen plenty of deals around Penrith over 5% but nothing has really lit my fire yet
Hi guys just wondering what would be a good source of info when looking for residential growth and yields for units in sydney …cheers
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