Melbourne residential apartment investors yielding from 3.5%: REIV

Melbourne residential apartment investors yielding from 3.5%: REIV
Melbourne residential apartment investors yielding from 3.5%: REIV

The REIV has released tables with a summary of Melbourne and Victorian median prices and rents for the 12 months ending March 2015.

Yields for one bedroom units.

Region  Gross Rental Yield median rent Median Price
Inner 5.0% $356 $367,000
Middle 4.8% $280 $305,000
Outer 4.1% $230 $291,250
Metro 5.1% $350 $355,000
Regional 5.7% $165 $149,500

Yields for two bedroom units

Region  Gross Rental Yield median rent Median Price
Inner 4.2% $450 $554,500
Middle 4.0% $351 $460,000
Outer 4.9% $280 $351,000
Metro 4.2% $395 $487,000
Regional 5.2% $240 $240,000

Yields for three bedroom units.

Region  Gross Rental Yield median rent Median Price
Inner 3.8% $600 $831,000
Middle 3.5% $442 $651,000
Outer 4.2% $352 $440,000
Metro 3.8% $460 $635,000
Regional 4.9% $310 $329,000

 

The REIV has also released tables on house yields

 

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Melbourne Rents

Comments

Be the first one to comment on this article
What would you like to say about this project?