Melbourne rental yields take hit in June: CoreLogic Quarterly Rental Review

Staff reporterAugust 24, 20200 min read

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

House yields in the Victorian capital sit at 2.8% (down from 3.3% 12 months ago), and unit yields sit at 3.9% (down from 4.5% 12 months ago).

The current combined median yield (for all property types) is 3.2%, down from 3.7% 12 months ago.

This reflects a downturn of 0.6% month-on-month and 1.0% over the quarter.

For renters, this translates to a median rental price of $453 ($460 for houses and $446 for units).

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

Staff reporter

Tags:
Melbourne
Rental Yield
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