Save thousands on your home loan
Compare 25+ lenders and hundreds of loans in an instant
I want:
Westpac Macquarie citibank commonwealth bank anz bankwest
finni mortgages logo
google reviews
4.9
star star star star star
Rating based on 147 reviews

×

Two cities dragging yield figures down

Things have been looking up for landlords in a majority of Australia's capital cities, despite the tightening markets in two cities distorting the national average rental yield.

spi default article image em4omm

Rental yields have seen gains in most capital cities, although the national average for houses and units has fallen.

New figures from CoreLogic RP Data have revealed that Canberra has seen the largest gains in rental yields as houses jumped from 4.2 per cent in November 2014 to 5.1 per cent in November 2015, while units rose from 4.1 per cent to 5.0 per cent.

Adelaide’s houses rose from 4.2 per cent to 4.7 per cent and units climbed from 4.1 per cent to 4.9 per cent.

In Perth, houses climbed from 4.1 per cent to 4.4 per cent, while units rose from 3.9 per cent to 4.7 per cent.

Hobart’s houses remained unchanged at 5.4 per cent and units climbed from 5.4 per cent to 5.7 per cent.

In Brisbane houses fell from 4.5 per cent to 4.3 per cent while units remained steady at 5.3 per cent.

Melbourne’s houses dropped from 3.3 per cent to 3.0 per cent and units remained unchanged at 4.2 per cent.

In Sydney, rental yield for houses fell from 3.5 per cent to 3.2 per cent, while units rose from 4.1 per cent to 4.4 per cent.

The combined capitals’ rental yield for houses fell from 3.7 per cent to 3.4 per cent and units dropped from 4.5 per cent to 4.3 per cent.

You need to be a member to post comments. Become a member for free today!


Related articles