SearchIdeal yield?
D asks:
(updated on Wednesday, March 05th 2014)
Any idea what an acceptable yield is for a high-quality property that is immaculately presented with all fundamentals completed (exterior painted, re-pield, plumbed, wired, new roof, new landscaping, new kitchen, new bathroom, fully modernized) in a growing, highly-desirable rental area of Wellington?
Our Experts Answer:
Hi there, this is a hard question as different investors have different ideas on what a good yield is. I'd need to know an actual address to answer as the yields will normally be different if it is a $500,000 property, a $1 million property or a $2 million property in the same suburb. Also remember to work off ideally a net yield rather than a gross yield. Regards, Kris Pedersen
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