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

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.