I appreciate this has not much to do with Mac's but I guess that's the Orange Sofa for you..
Is it possible to calculate a ballpark/estimate on a property price (for an investment property) using a suburb's average rental yield and the current rent? If so, a little help would be appreciated.
Rental Yield* = 4.4%
Current Rent = 320/wk
*according to
Managed Funds - Superannuation Funds - Managed Investments
I'm also looking at median house prices, postcode profiles etc for the area and may end up getting a valuation done but looking for a rule of thumb measure at this stage.
Other factor is I am in discussions with the owner directly and not through an agent.
Cheers