According to Australian Financial Review, the gross rental yield is around 3.6 % and the nett yield is down to 0 - 1%. This is not much different to your yield for Singapore property.
"CoreLogic reports the average gross rental yield for residential houses in Melbourne and Sydney is 3.6 per cent. But to work out if that’s a good investment, you have to deduct all your expenses (including income tax, agent commission, land tax, body corporate fees, insurance, maintenance) to arrive at a net yield. When we work out a client’s net yield, it’s typically between zero and 1 per cent."
https://www.afr.com/personal-finance/bud...603-p51ttn
If you are looking for "rental income" , s-reits can still deliver 5% + .
"CoreLogic reports the average gross rental yield for residential houses in Melbourne and Sydney is 3.6 per cent. But to work out if that’s a good investment, you have to deduct all your expenses (including income tax, agent commission, land tax, body corporate fees, insurance, maintenance) to arrive at a net yield. When we work out a client’s net yield, it’s typically between zero and 1 per cent."
https://www.afr.com/personal-finance/bud...603-p51ttn
If you are looking for "rental income" , s-reits can still deliver 5% + .