Invest
How rental returns are tracking across Australia
The property market is tipped to stabilise by year end, but investors are feeling the pinch in some capitals with disappointing rental yields.
How rental returns are tracking across Australia
The property market is tipped to stabilise by year end, but investors are feeling the pinch in some capitals with disappointing rental yields.
According to new research by CoreLogic, Sydney and Darwin investors rents decreased overall in the financial year ending 30 June 2019.
Further, gross rental yields for the last quarter decreased in Sydney and Canberra, while increasing everywhere else.
As a nation, on average, Australia recorded an increase of 0.3 per cent in rents over the second quarter of 2019, which is softer growth than the 1 per cent recorded in the previous quarter.
Capital cities drag
Capital cities rent grew by 0.1 per cent for the quarter and are down -0.1 per cent for the year.
Rents in all capital cities excluding Sydney and Darwin grew over the past 12 months, with Brisbane and Perth being the standouts.
Brisbane and Perth were the only two capital cities where the annual change in rents over the past 12 months were superior to those in the same period in 2018.
The average rent in Australia is now $438 per week, with rental rates across the combined capital cities being $466 a week.
Regional markets continue to grow
The growth is due to stronger regional numbers, with an increase of 0.7 per cent for the quarter for renters outside of the metropolitan.
Overall for the year, rental yields have increased by 1.9 per cent, beating the metropolitan regions by nearly a full per cent.
The overall growth in rental yields for the past 12 months remains positive for regional areas.
Renters outside of the cities now pay on average $380 a week.
About the author
About the author
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
Property
Real estate investment: Spotting high-growth potentials
Investing in real estate has long been a favoured approach for Australians looking to grow their wealth. Read more
Property
Granny flats become Aussie families' cost-effective solution to soaring living costs
As the cost of living skyrockets, a forward-thinking trend is sweeping across Australia – granny flats are becoming a favoured living arrangement for older Aussies seeking comfort and proximity to ...Read more
Property
Homebuyers grapple with extended savings period amid affordability crisis
Gone are the days when an Australian dream home seemed just within reach. The path to homeownership in Australia has extended by at least two arduous years, as revealed by the latest insights from ...Read more
Property
Hybrid development unlocks new potential for NDIS housing in metro hotspots
In a ground-breaking strategy aimed at addressing the stark imbalance between the location of Specialist Disability Accommodation (SDA) developments and the actual areas of demand, Aligned Disability ...Read more
Property
Property prices boosted by housing policies: RBA
The central bank has outlined the “pervasive” impact that policy has on property. Read more
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
Property
Real estate investment: Spotting high-growth potentials
Investing in real estate has long been a favoured approach for Australians looking to grow their wealth. Read more
Property
Granny flats become Aussie families' cost-effective solution to soaring living costs
As the cost of living skyrockets, a forward-thinking trend is sweeping across Australia – granny flats are becoming a favoured living arrangement for older Aussies seeking comfort and proximity to ...Read more
Property
Homebuyers grapple with extended savings period amid affordability crisis
Gone are the days when an Australian dream home seemed just within reach. The path to homeownership in Australia has extended by at least two arduous years, as revealed by the latest insights from ...Read more
Property
Hybrid development unlocks new potential for NDIS housing in metro hotspots
In a ground-breaking strategy aimed at addressing the stark imbalance between the location of Specialist Disability Accommodation (SDA) developments and the actual areas of demand, Aligned Disability ...Read more
Property
Property prices boosted by housing policies: RBA
The central bank has outlined the “pervasive” impact that policy has on property. Read more