All Topics / General Property / Current Yields in Tassie?

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of shake-the-diseaseshake-the-disease
    Join Date: 2005
    Post Count: 97

    I’m new to this so please be gentle. I’m looking at a couple of 1 bed units, both in Launceston. One is asking 95k, what do you think it would rent for? The other is a cheapie that is already rented for $75/wk and is asking $65k. Is that price reasonable? What is the yield % on these kind of properties in todays market?


    Profile photo of neo25x5neo25x5
    Join Date: 2005
    Post Count: 166

    We all have to start somewhere!

    Go to to ascertain the rents on similar properties in the area you want to research. The rent on that other pty sounds a bit cheap? Any chance of increasing it?

    Profile photo of ANUBISANUBIS
    Join Date: 2003
    Post Count: 559

    SOunds pretty standard for Tas now. Around 5% seems to be common, maybe 7% if you look have some luck.

    Profile photo of westanwestan
    Join Date: 2002
    Post Count: 1,950

    Hi Guys

    the best thing to do is to phone around some property managers and find out the real state of affairs regarding the rental market. Just because a property is renting at $75 per week doesn’t mean you would get that again, it maybe lower or higher.
    Property managers will also be able to give you a general feel for rental demand and prices. Find out from them what is slow to rent and why.

    regards westan

    We find cash positive deals showing 15-25% Returns in the USA email me at [email protected] to join our database

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.