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17/01/18

11:55

Post #: 30369512
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Originally posted by kenalex ↑

Someone I know bought 2 properties simultaneously in 2002; a 2 bedroom apartment at QV, melb CBD and a 3 bedroom rear unit in Clayton.
Presently the unit is valued 3 times more and the apartment is worth twice its purchased value approx.
Rental yield has fluctuated in the CBD as new apartments come online which pressures rent lower and body keep increasing year on year to the value of 5-6k.
A 3 bedroom apartment can rent between 400 to 440 in Clayton while the 2 bedroom apartment will rent for 580 - 620 due to its central location.
So calculating the yield, it seem that the unit is returning 9-10% approx. compared to the apartment at 6% approx... minus agent fees and council rates

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