Lotana,
I couldnt agree more, at an "average" of 2.38% , I guess that would mean that almost 30-40% of houses are returning less than 2%. Since 2% represents about the cost of rates and general repairs why bother asking for rent?
In effect today's reality not so much different to this
"Free to Rent: A charming house in Mosman needs a professional tenant to occupy its beautiful 4 bedrooms, a lounge room, a dining room, a family room, a rumpus room, 4 marble bathrooms, Italian kitchen, wine cellar, game room, and the 25-m lap swimming pool with magnificent harbour views. Tenant pays basic outgoings"