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Net rent = gross rent less council rates, water rates, PM fees, land tax, building insurance etc. Capitalisation rate is net rent/sale price. eg if it brings in $120k pa gross and there are $20k in outgoings then your net rent is $100k. If the asking price is $1M, then: $100k/$1M = 10%...

It will depend on the property, the method of which it is being offered for sale and what marketing is being done and who is paying for this. Generally, anything under $1M is 2.5-3.0% + GST, anything over $1M is generally 2.5% but in some cases you might get them down to 2%. 0.5% of $2M is only...