Perth unit values up 5.3% in a month: RP Data

Perth apartment values rose a noteworthy 5.3% in the space of a month to a median of $420,000, according to the latest RP Data-Rismark index.

This made it the top performing capital city housing market across both detached houses and units over March.

Perth's unit price gain over March was more than seven times the 0.7% gain recorded across all capital city unit markets.

In contrast Canberra unit values fell 2.5% over March to a median of $414,000.

According to RP Data, Perth units offer a  rental yield of around 5% with the highest potential returns in Darwin (6.3%), Canberra (5.6%) and Brisbane (5.6%).

 

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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