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4% would be great, it's around 3 - 3.2% at the moment. Didn't have Toorak in mind, it's more like Reservoir, Coburg and Preston. I've always been a believer that rents won't make you rich, capital growth and or developing will, so while yield isn't my main priority, it does help pay the...

Melbourne market is bloody ridiculous at the moment. No matter how the numbers are crunched, I can't seem to get a decent yield on anything when it comes to houses on a decent size bloke that can be subdivided. Anybody else finding this, say within 15km's of the city?