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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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Perth rent yields lowest in three years

By Staff Reporter
24 November 2014 | 1 minute read

While Perth property prices have risen over the past year, rents have continued to slump, says new data.

According to CoreLogic RP Data, Perth’s rents have fallen by 3.1 per cent over the past year, while property prices have increased by 3.4 per cent.

CoreLogic senior research analyst Cameron Kusher said rental yields are recorded at 4.1 per cent, their lowest level since January 2012.

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National capital city rental rate growth is at its slowest in more than a decade.

“The rate of rental growth is easing on the back of a large rise in capital city home values and a strong rise in the supply of new homes being built,” Mr Kusher said.

“In addition, there’s a record level of investor buying, which is adding more supply to the rental market.” 

“At a combined capital city level across all dwellings, gross rental yields are recorded at 3.8 per cent, which is the lowest reading since January 2011.

“With the rate of capital gains outpacing rental growth, we are seeing rental returns reduce,” he added.

Mr Kusher said over the past year, gross rental yields have fallen across each capital city.

He said with a bigger supply of new housing and low interest rates likely to drive further price rises, rental growth would remain subdued over the coming year.

“We may see the rate of rental growth slow further as renters begin to see more accommodation options being built,” he said.

“With such tepid growth in rents and such a high level of investment activity, it is clear that most investors are buying residential property with a view to capital growth, rather than rental returns.”

 

Perth rent yields lowest in three years
Declining
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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.