Adelaide rental yields drop off in June: CoreLogic Quarterly Rental Review

Adelaide rental yields drop off in June: CoreLogic Quarterly Rental Review
Adelaide rental yields drop off in June: CoreLogic Quarterly Rental Review

The median Adelaide rental yield has fallen slightly, according to the CoreLogic June 2020 quarterly rental review.

House yields in the South Australia capital sit at 4.2% (down from 4.3% 12 months ago), and unit yields sit at 5.3% (down from 5.4% 12 months ago).

The current combined median yield (for all property types) is 4.4%, down from 4.5% 12 months ago.

Adelaide rental yields drop off in June: CoreLogic Quarterly Rental Review

This reflects a downturn of 0.2% month-on-month and 0.1% over the quarter.

For renters, this translates to a median rental price of $397 ($410 for houses and $343 for units).

Adelaide rental yields drop off in June: CoreLogic Quarterly Rental Review

In the 12 months to June, rental yields fell across seven of the eight capital city markets. Perth was the only exception.

Tags: 
Adelaide Rental Yield

Comments

Be the first one to comment on this article
What would you like to say about this project?