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Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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rpm logo latest

Home value growth outperforming rental growth

By Elyse Perrau
09 September 2014 | 1 minute read

Gross rental yields across the combined capital cities continue to trend lower as the rate of home value growth outpaces rental growth.

According to the spring 2014 Australian Residential Development Outlook by the Property Council of Australia, over the 12 months to July 2014, capital city rental rates have increased by 2.0 per cent for houses and 3.1 per cent for units.

These figures are well below the five-year average annual rates increase of 4.0 per cent for house and 3.8 per cent for units, the report said.

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As sales volumes have increased and dwelling construction rises, it is clear rental pressures in the market are lessening.

Across the individual cities, Sydney has recorded the strongest annual rate of rental growth, and Perth and Canberra are experiencing falls in rental rates.

The other aspect in the slowing of rental growth is the impact on rental yields, the report said.

Twelve months ago capital city growth rental yields were recorded at 4.2 per cent for houses and 4.9 per cent for units.

Gross rental yields have eased over the year to 3.8 per cent for houses and 4.6 per cent for units.

Source: The Property Council of Australia

Source: The Property Council of Australia

 

 

 

 

 

 

 

 

 

 

 

 

Home value growth outperforming rental growth
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

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.