Melbourne residential apartment investors yielding from 3.5%: REIV

Melbourne residential apartment investors yielding from 3.5%: REIV
Jonathan ChancellorJune 27, 2015

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 YieldMedian rentMedian Price
Inner5.0%$356$367,000
Middle4.8%$280$305,000
Outer4.1%$230$291,250
Metro5.1%$350$355,000
Regional5.7%$165$149,500

Yields for two bedroom units

Region Gross Rental YieldMedian rentMedian Price
Inner4.2%$450$554,500
Middle4.0%$351$460,000
Outer4.9%$280$351,000
Metro4.2%$395$487,000
Regional5.2%$240$240,000

Yields for three bedroom units.

Region Gross Rental YieldMedian rentMedian Price
Inner3.8%$600$831,000
Middle3.5%$442$651,000
Outer4.2%$352$440,000
Metro3.8%$460$635,000
Regional4.9%$310$329,000

 

The REIV has also released tables on house yields

 

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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