Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Rental yields fall below 2pc in some suburbs

26 March 2015 Elyse Perrau

Australia’s lowest rent yielding suburbs are split between four capital cities.

Six of the 10 capital city suburbs with the lowest rental yields are in Sydney, CoreLogic RP Data statistics for February show.

Melbourne, Adelaide and Perth also make appearances, but Austral and Potts Point in Sydney topped the list with gross rental yields of 1.59 per cent. 

Potts Point fell from 4.85 per cent compared with February 2014. No figure for last year was available for Austral. 

Deepdene in Melbourne was next, with a gross rental yield of 1.70 per cent. No data were available for last year.

Kirribilli in Sydney produced a gross rental yield of 1.71 per cent, which was a drop from 3.71 in February 2014.

Glenorie in Sydney recorded a gross rental yield of 1.73 per cent, down from 3.02 per cent.

In Adelaide, Walkerville's rental yield of 1.81 per cent was slightly down from 2.30 last year.

Burwood in Sydney recorded a rental yield of 1.84 per cent, a drop from 2.94 per cent last year.

Also in Sydney, Tennyson Point produced a rental yield of 1.91 per cent. This was a decrease from 2.44 per cent the previous year. 

Eaglemont in Melbourne recorded a rental yield of 1.94 per cent, also a fall from 2.22 per cent.

The Perth suburb of Peppermint Grove rounded out the top 10 lowest rent-yielding suburbs in Australia.

It produced a gross figure of 1.95 per cent, down from the 2.28 per cent recorded in 2014.

 

Rental yields fall below 2pc in some suburbs
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

What is the worst mistake vendors make?

Price too high
Taking low offers too personally
Neglecting curb appeal
Not ‘staging’ the home for sale
Do you have an industry update?
REAL ESTATE BUSINESS 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.