Typical ROI on Rental Properties??

[Geoff]

Which was my point - those examples have nothing to do with what Skyhook said and your pig&lipstick retort.

Do try and keep up. If you go back and read through the thread, it should be very obvious. For the record, this is the statement that I disagreed with:

Saying that his friend got 5k more is not vague and it is verifiable, although not practical.

OK, if we're going to accept "my friend said" as verifiable I'd like to introduce evidence I got from "a bloke in the pub".

I posted links to several properties on well known real estate agents to support my point, and can easily find dozens more. No need to put lipstick on those pigs - you already earn twice the yield you would in the higher end market segment that chap says we should target.

[Raccon]

OK, if we're going to accept "my friend said" as verifiable I'd like to introduce evidence I got from "a bloke in the pub".

Where did I say that "my friend said" is "evidence"? - it would be possible to find out the average rent in the building and take a look at the rental contract or ask the tenant, assuming they are willing to disclose it; that's why I said it's not practical, but it is verifiable.

Of course the statement itself is no proof, but having read this forum for a while I don't consider Skyhook as someone who makes up things.

I posted links to several properties on well known real estate agents to support my point, and can easily find dozens more. No need to put lipstick on those pigs - you already earn twice the yield you would in the higher end market segment that chap says we should target.

Yes, I have seen the links but you are comparing properties in different buildings with renovating an apartment and getting a higher rent compared to other units in the same building.
I do not disagree with your argument, I am just saying it does not disprove what Skyhook said.

Or put differently: You are comparing apple and oranges.

Ok, enough said on the matter by me, if you still disagree so be it.

Peace.

[Geoff]

Yes, I have seen the links but you are comparing properties in different buildings with renovating an apartment and getting a higher rent compared to other units in the same building.

I do not disagree with your argument, I am just saying it does not disprove what Skyhook said.

Or put differently: You are comparing apple and oranges.

Ok, enough said on the matter by me, if you still disagree so be it.

Peace.

In Skyhooks own words,

If you are smart about your property investment, target your property at high end tenants that will pay more for a quality dwelling, you should always make the best possible return, compared to what else is out there.

My point is by targetting high end tenants you will not make the best possible return, compared to what else is out there.

I think I must have explained my point very badly as so many people seem unable to grasp what is - essentially - a very simple point.

Buying and doing up high end apartments is not as profitable as buying lower end apartments in terms of the current rental yield.

Peace out