Australian household wealth rising as house prices and yields lift: RBA

Australian household wealth rising as house prices and yields lift: RBA
Larry SchlesingerFebruary 11, 2013

Australian household net worth started rising in 2012 alongside a recovery in house prices in the later part of the year, graphs prepared by the RBA in its February monetary policy statement reveal.

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The RBA also notes that residential vacancy rates remain relatively low at around 2%, contributing to rents growing faster than inflation and rising rental yields.

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“Nationwide, rents are growing at an annual rate of around 4%. With rents growing faster than dwelling prices over the past year, nationwide gross rental yields have increased to 4.75% (and as high as 5.5% in Perth)."

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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