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High yields means there were more rent rises than capital gains in the past. Low yields means there were less rent rises than capital gains in the past. Both yield and capital gains are directly indicative of what happened in the past, you cant assume they are indicative of the future...

Dazz you are quite right, my bad :o. I was assuming Invstr wouldn't spend 5Mil, but then how would I know? :D

It's worth noting also that %yield is often lower on more expensive properties within the same suburb. Also what if the rent was below market for that house? You might be making a lowball offer without knowing it. Why dont you start by interviewing some PMs in advance. While you're at it ask...