Fortitude Valley has 65% of properties as rentals: CoreLogic

Fortitude Valley has 65% of properties as rentals: CoreLogic
Fortitude Valley has 65% of properties as rentals: CoreLogic

Fortitude Valley has the highest proportion of properties rented in 2016 in metropolitan Queensland, according to CoreLogic’s latest report.

The property data firm says that 65% of properties in Fortitude Valley are rented.

This is an increase of 5% compared to 2011 and 10% higher than in 2006.

A two bedroom unit at 79/41 Gotha Street, Fortitude Valley (above) is available for rent for $450 per week.

Another two bedroom unit at 401/29 Robertson Street, Fortitude Valley (below) is available for $550 per week.

Fortitude Valley has 65% of properties as rentals: CoreLogic

A one bedroom studio at C69/131 Wickham, Fortitude Valley (below) is available for rent for $290 per week.

Fortitude Valley has 65% of properties as rentals: CoreLogic

A two bedroom apartment at 43/35 Gotha Street, Fortitude Valley (below) is available for $470 per week for rent.

Fortitude Valley has 65% of properties as rentals: CoreLogic

Parramatta – Rosehill has the highest proportion of rented properties in 2016 for metropolitan Sydney, according to CoreLogic’s latest report.

The property data firm says that 64% of properties in the Parramatta – Rosehill area are rented.

Below is the residential vacancy rates for Parramatta according to SQM Research.

Click to enlarge

Fortitude Valley has 65% of properties as rentals: CoreLogic

In 2006 60% of properties in the area were rented, but it then fell in 2011 to 57% before increasing again in 2016.

Below is the implied property gross rental yield for Parramatta according to SQM Research.

Click to enlarge

Fortitude Valley has 65% of properties as rentals: CoreLogic

A two bedroom unit at 10/2-6 Campbell Street, Parramatta is available for rent for $520 per week.

Another two bedroom unit at 6/27-29 Sorrell Street, Parramatta (below) is available for $420 per week.

Fortitude Valley has 65% of properties as rentals: CoreLogic

The Melbourne CBD has the highest proportion of rented properties in metropolitan Melbourne for 2016, according to CoreLogic’s latest report.

The property data firm says that 63% of properties are currently rented.

Below is the residential vacancy rates for Melbourne according to SQM Research.

Click to enlarge

Fortitude Valley has 65% of properties as rentals: CoreLogic

In 2006 57% of properties in the area were rented before it increased to 59% in 2011 before rising again in 2016.

Below is the implied property gross rental yield for Melbourne according to SQM Research.

Click to enlarge

Fortitude Valley has 65% of properties as rentals: CoreLogic

A one bedroom unit at 1/9 Bell Street, Fitzroy is available for $485 per week.

A two bedroom house at 14 Hughes Street, Carlton North (below) is available for $410 per week.

Fortitude Valley has 65% of properties as rentals: CoreLogic

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Corelogic Fortitude Valley

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