As a Sydney sider im still amazed, particularly by this part -...

As a Sydney sider im still amazed, particularly by this part -
"Rents are hardly moving which has pushed rental yields to historic lows in Sydney and Melbourne. Paying a landlord is likely becoming more affordable than paying a mortgage despite the low interest rate setting"

Perhaps the second sentence is broad brush statement but the first stands true. In my street a 1br place went for 900k, assuming it is rented out for the suburb avg of around $500-$520 - the yield is truly terrible. Why investors are piling in at this point confuses me!