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Inner city rental yields soar

Staff Reporter 1 minute read

The apartment market has lead the charge in offering the best yields on investment property over the 2008 calendar year.

Rental returns in seven key inner city locations hit between 7 to 9 per cent.

According to RP Data, the highest yielding property in a major city was Sydney’s Woolloomooloo, which averaged a 9.4 per cent return, The Australian Financial Review reported over the weekend.

Other attractive markets included Melbourne’s Burnley (8.2 per cent), Darwin’s Parap (7.5 per cent) East Perth (7.1 per cent) and Adelaide’s Evanston (7.1 per cent).

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