A premium price is paid for brand new property, and you may find as it is modern there aren't too many comparables, and the available comparables are selling at lower than the newer properties.
Where is your PPOR if you don't mind sharing?
Don't be sad - different strategies work for different people. Your place may be located in a high growth area and you may benefit more from capital growth.
Hi InspiredByProp
Here is a link to a recent thread which considers the rental returns:
http://somersoft.com/forums/showthread.php?t=79420
We (MsAli and I) calculate rental return as follows:
Rent per week * 52 weeks / purchase price.
Eg. $340 rent * 52 weeks / $230,000 = 7.7%...
That's what it is... it is a never ending cycle :) trying to change it, but it is a little bit like filling a void.... but then again, I don't want to work for 40 years of my life, so the motivation of becoming financially free keeps us going.