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Sydney and Melbourne rental yields below national average

03 June 2015 Staff Reporter

New figures show that the average capital city rental dwelling is attracting a gross rental yield of 3.6 per cent for houses and 4.6 per cent for units.

According to a report released by CoreLogic RP Data, rental yields have remained steady for May.

Melbourne showed the lowest rental yields of any capital city with returns of 3.2 per cent for houses and 4.3 per cent for units.

Sydney recorded gross yields of 3.4 per cent for houses and 4.5 per cent for units.

Darwin recorded the highest average rental yields at 5.6 per cent for houses and 5.8 per cent for units.

Hobart followed close behind with 5.4 per cent for houses and 5.7 per cent for units.

Brisbane houses yielded 4.5 per cent returns while units yielded 5.4 per cent.

In Adelaide rental yields were 4.2 per cent for houses and 4.9 per cent for units.

The gross rental yields for Perth were 4.0 per cent for houses and 4.8 per cent for units.

Canberra houses return a gross yield of 4.2 per cent for houses and 5.0 per cent for units.

[Related: Rents up 8.6 pc in some cities, down 5.6 pc in others]

Sydney and Melbourne rental yields below national average
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