Then obviously yields aregoing to be lower but if we if we’re totake your sort of median ish kind ofproperties more your traditional rentalstyle investment properties.
Refrance By :- www.sydneypropertyvaluations.net.au
That Ibelieve in the ballpark I mean obviouslysome states vary wildly and you know forlooking at you know the premium parts ofMelbourne and some parts of Sydney.
Then yields are extremely low and if we lookat other parts of the country thenyields are significantly higher but .sydney property valuations Domination would say you know we’re certainly inthe same ballpark is.
that it’s not youknow double or something you know thatkind of figure so I think that as abarometer is one of the most accuratesort of ways to value where property isright now.
I’m not looking at you knowgoing up you know the value in terms oflike the capital growth of you the assetclass you need to look at what theunderlying earnings are and that’s whatreally you know propels an asset overtime and
That’s what you’re buying whenyou buy a business when you buy propertyyou know you know people want tospeculate and they want the value to goup but.
What you’re really getting isthat rental yield or when you’re buyinga business what you’re really getting isthe profit that the business makes sothat’s .
Why you need to look at theactual earnings yield now this earningsyield is that you’re not very cheap byhistorical standards at that is wellabove average and it’s not it’s not at abubble level we saw .
I believe ish pin terms of run at evel’s sovaluations have been way more stretchthan this in the past but suddenlythings aren’t cheap but at the same timeit is only a bit above you know .