realestatebusiness logo
Subscribe to our newsletter SIGN UP

Rental yields being driven up

06 June 2013 Reporter

Families renting in Sydney have been driven to outer suburbs and regional areas due to high rents in the inner city, PRDnationwide research has shown.

Strong demand for family homes is driving up rental yields for smart investors in the Wyong and Port Stephens region, where the popularity of three-bedroom houses has risen steeply in the past two years.

PRDnationwide showed that Port Stephens has seen a 14 per cent increase in new bonds lodged with Housing NSW, as renters take advantage of affordability and lifestyle benefits for their families.

PRDnationwide research analyst Oded Reuveni-Etzioni said the price difference between Sydney and that of more affordable areas to the north and south of the city was significant, and families were starting to look elsewhere to escape highly priced, high-density living.


"The research shows that the top five regions for rental price growth in family homes are all outside metropolitan Sydney," he said.

"In the current climate, people are trying to live within their means and as a result, there has been a drift away from inner-city living for families.

“The cityscape has changed, with large scale one- and two-bedroom unit developments in Sydney catering for young professionals and the student population, as shown by an increase in residential tenancies in areas like Canada Bay, Marrickville and Ku-Ring-Gai," Mr Reuveni-Etzioni said.

Rental yields being driven up
lawyersweekly logo
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Are you considering offering a flat fee model in 2019?

Perhaps, but it would include a performance bonus on making the sale.
Do you have an industry update?
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.