ethodology for how we research and verify." cover_alt: “Parwan lifestyle” cover_credit: “wikimedia_commons” figures: [{“position”: “Rental Yield Summary”, “url”: “https://upload.wikimedia.org/wikipedia/commons/b/bd/1936_Dodge_D2_Sedan.jpg”, “alt”: “Rental Yield Summary”, “credit”: “wikimedia_commons”, “score”: 70}, {“position”: “Gross vs Net: The Real Numbers”, “url”: “https://upload.wikimedia.org/wikipedia/commons/b/bd/1936_Dodge_D2_Sedan.jpg”, “alt”: “Gross vs Net: The Real Numbers”, “credit”: “wikimedia_commons”, “score”: 70}] —## Rental Yield Summary
| Property Type | Median Price | Weekly Rent | Gross Yield | Net Yield (est) |
|---|---|---|---|---|
| Houses | $785,140 | $577/wk | 3.8% | 2.0% |
| Units | $464,992 | $439/wk | 4.9% | 3.4% |
Gross vs Net: The Real Numbers
Gross yield is what most headlines quote. Net yield is what you actually keep after costs.
Annual costs that eat your yield:
- Council rates: $2673/year
- Insurance (landlord): $1,200-1,800/year
- Property management (7-8%): $2,250/year
- Maintenance allowance (1%): $7,851/year
- Vacancy (2-4 weeks/year): $1,731/year
Net annual income (house): $14,671 Net yield: 2.0%
Vacancy Rate
Current vacancy: 3.0%
Tight market – tenants compete for properties. Expect minimal vacancy between tenants.
How Parwan Compares
| Suburb | House Yield | Unit Yield |
|---|---|---|
| Parwan | 3.8% | 4.9% |
| Melbourne average | 3.2% | 4.1% |
| Box Hill | 3.1% | 4.4% |
Solid middle-
