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Yes, great. Just what I was looking for. Thanks

If it's way too low, I'll do my sums and probably walk away. However, it's hard to know what is considered low. I know ~5% yield was the norm a few years back, but what is it now (as per my original question).

I do realise what you are saying and you're telling what I already know and it's a bit common sense too - the market dictates the price. The reason I'm looking in this area is *in my opinion*, there will be above average capital gains in the future. I just want to ensure yield is reasonable -...

Because there's been few in that particular location and the last one I believe was sold much higher than what it should have been. I don't want to overspend to find out I can only gain minimal yield.

Well I guess the underlying question is what sort of % yield should be expected in inner Melbourne areas these days?

Hi, Long time reader here, and have finally decided to take the dive into IP's. When purchasing an IP, should the price of the property be estimated from the rent it yields? For instance, if the place is returning $1650/month, should I be using that figure to calculate what I should be...