Gross rental yields for combined capital cities are at record low: CoreLogic RP Data

Gross rental yields for combined capital cities are at record low: CoreLogic RP Data
Gross rental yields for combined capital cities are at record low: CoreLogic RP Data

Gross rental yields for combined capital cities are at record low with September figures for houses at 3.4% and units at 4.3%, according to CoreLogic RP Data.

CoreLogic RP Data's September Rental Index Result noted last year combined capital city gross rental yields were 3.7% for houses and 4.5% for units and said rental returns may fall lower over the next few months.

"With capital growth anticipated to continue to outpace rental growth we expect that rental returns are likely to push even lower over the coming months," it said.

"From an investment perspective it means that capital growth is going to remain a much more important for a return from an investment property.

"Rental yields are lowest for houses in Melbourne (2.9%) and highest in Darwin (5.4%). In fact, Melbourne, Sydney (3.1%) and Canberra (4.1%) house yields are now at a record low. Unit yields are lowest in Sydney and Melbourne at 4.1% and highest in Darwin at 5.8%. Sydney unit yields are currently at a record low."

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Gross rental yields for combined capital cities are at record low: 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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Apartments Rental Yields

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