Rental yields falls slightly in Richmond-Tweed area: CoreLogic

Rental yields falls slightly in Richmond-Tweed area: CoreLogic
Rental yields falls slightly in Richmond-Tweed area: CoreLogic

Over the year to June 2016, sales activity across the Richmond – Tweed region rose by 2.5 percent, bringing current activity almost 20 percent above the five year average for the region, according to CoreLogic's regional market report.

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Rental yields falls slightly in Richmond-Tweed area: CoreLogic

Since 2014, the number of residential homes selling across the region has been trending upwards, yet still hasn’t reached the same levels that were seen back in 2002, when over the 12 months ending May 8,398 homes sold.

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Rental yields falls slightly in Richmond-Tweed area: CoreLogic

Home values across the region have also risen over the past year, up 8.4 per cent for both houses and units to $482,674 and $367,571 respectively.

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Rental yields falls slightly in Richmond-Tweed area: CoreLogic

Across the rental market, rental rates for both houses (+4.8 per cent) and units (+5.6 per cent) have also risen over the year, however not at the same rate as home values, thus rental yields have fallen slightly.

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Rental yields falls slightly in Richmond-Tweed area: CoreLogic

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Richmond Corelogic

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