House rentals remain flat in Wide Bay region: CoreLogic

Staff reporterSeptember 11, 20160 min read

Median values have remained flat across the Wide Bay region over the past two years, and movements have been minimal over the past 12 months, according to CoreLogic's regional market report.

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Detached house values are up 0.7 per cent, while unit values have fallen by 1.2 per cent. Sales activity is also steady over the year, with 5,264 residential homes sold across the region over the year ending May 2016, slightly lower than the 5,335 over the preceding 12 months.

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Across the rental market, rental rates have remained flat over the year for houses, at $290/week, while unit rents have risen by 1.8 per cent to $280/week.

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Indicative gross rental yields across the region have improved slightly over the year, up from 5.6 per cent to 5.7 per cent for houses and from 6.0 per cent one year ago to 6.1 per cent currently for units.

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Staff reporter

Tags:
Corelogic
Wide Bay
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