Brisbane has highest capital city apartment rental yields: CoreLogic RP Data

Brisbane has highest capital city apartment rental yields: CoreLogic RP Data
Brisbane has highest capital city apartment rental yields: CoreLogic RP Data

The average gross yield for a capital city house is now 3.5%, equivalent to the record last low in 2007, according to research released by CoreLogic RP Data. 

The CoreLogic RP Data Hedonic Home Value Index put the fall in yields due to housing values rising faster than weekly rents.

The average gross apartment yield within a capital city was 4.4%, the lowest grow apartment yield since 2010.

CoreLogic RP Data’s head of research, Tim Lawless, said it looks likely that the pace of capital gains will remain higher than rental growth which will push rental yields even lower over the coming months.

“Melbourne continues to hold the unfortunate title of the lowest yielding capital city, but if current trends continue, it won’t be long before Sydney overtakes Melbourne due to the substantially higher rate of capital gain in the face of comparatively low rental appreciation” Mr Lawless said.

"Brisbane is now recording the highest gross rental yield for apartments, at 5.4%, and the only capital city where gross rental yields have improved over the year has been Hobart which is now starting to rival Darwin as the highest yielding capital city for houses."

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Brisbane has highest capital city apartment rental yields: CoreLogic RP Data

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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Brisbane Housing

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