Sydney property investors getting eight per cent
Property investors in Sydney will get the higher yields from properties in Woolloomooloo than in any other suburb. A house, with the median price of $775,000 and weekly median advertised rent of $1,200, has an 8.05 per cent gross rental yield. A unit at the median price of $400,000 and weekly median advertised rent of $650 yields 8.45 per cent. Cartwright and Miller, near Liverpool were second and third highest returning suburbs in terms of rental yield at 6.53 per cent and 6.42 per cent respectively. North Turramurra, North St Marys, Silverwater, Willmot, Emerton, Bidwill and Cambridge Gardens were also high yielding suburbs.
Source: The Daily Telegraph