Tasmania residential yields returning towards 10%: HTW residential

Tasmania residential yields returning towards 10%: HTW residential
Tasmania residential yields returning towards 10%: HTW residential

The days of residential yields returning towards 10% have well and truly passed thanks to the current boom, according to a recent Herron Todd White (HTW) residential report. 

The valuation firm took a look at rental yields across the nation.

"So, what can your investment dollar buy?

"Currently, inner-city Hobart has a unit at 1 Collins Street (pictured below) for sale at $850,000," the valuation firm said. 

Tasmania residential yields returning towards 10%: HTW residential

Rented at $775 per week this reflects a 4.74% return.

Or perhaps for the budget conscious a serviced apartment style motel room at 156 Bathurst Street (pictured below) is being marketed with a 6% return.

Tasmania residential yields returning towards 10%: HTW residential

Further from the city in Glenorchy, a two-bedroom, one-bathroom unit with carport in Lucia Court is offering 6.1%.

For the institutional buyer, there has been a sale of an eleven unit complex in Kingston for $2.75 million being eight two-bedroom, one-bathroom and three three-bedroom, two-bathroom units returning 5.63%.

"Up north in Launceston similar yields are available," the valuation firm said. 

Looking at the inner city, a walk-up two-bedroom unit at 43-47 Elizabeth Street (pictured below) rented at $350 per week is currently being marketed at $349,000 reflecting a 5.21% return.

Tasmania residential yields returning towards 10%: HTW residential

Or for that budget buyer again how about a 36 square metre motel bedsit for $158,000 with a (net) return of towards 7%.

"In Parklands Parade, Newnham you can secure a two-bedroom, one-bathroom 1990s unit with carport for $189,000 returning 6.9%," the valuation firm continued. 

"And the institutional buyer? There has been a sale of eight new strata titled units in Hortus Place, Newnham for $2.25 million, all two-bedroom, one-bathroom with floor plates between 91 and 98 square metres." 

The sale reflected an adopted yield of 5.55%.

On the north-west coast, this month saw the sale of two new units in Nairana Place, Shorewell Park, Burnir for $550,000, comprising a two-bedroom and a three-bedroom, both one-bathroom with garage.

The sale showed an adopted yield of 5.48%.

Tags: 
Rental Yield Tasmania

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