The irony to both sides of this argument is hilarious.
Actually no.
The arguments confidently predicting financial asset prices for a decade ahead are hilarious and wrong.
The gross rental yield in Australia is just below 5% or ~4.89. How does it compare to banks?
NAB's dividend yield is 5.51%.
ANZ's div. yield is 5.12%.
Westpac's div. yield is 5.21%.
Macquarie's div. yield is 4.26%.
