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Canberra and Adelaide lead in rental yields

Canberra and Adelaide lead in rental yields

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Rental yields have seen gains in most capital cities, despite the national average falling for houses and units.

New figures from CoreLogic RP Data have revealed that Canberra has seen the largest gains in rental yields as houses jumped from 4.2 per cent in November 2014 to 5.1 per cent in November 2015, while units rose from 4.1 per cent to 5 per cent.

Adelaide’s houses rose from 4.2 per cent to 4.7 per cent and units climbed from 4.1 per cent to 4.9 per cent.

In Perth houses climbed from 4.1 per cent to 4.4 per cent, while units rose from 3.9 per cent to 4.7 per cent.

Hobart’s houses remained unchanged at 5.4 per cent and units climbed from 5.4 per cent to 5.7 per cent.

In Brisbane houses fell from 4.5 per cent to 4.3 per cent while units remained steady at 5.3 per cent.

Melbourne’s houses dropped from 3.3 per cent to 3 per cent and units remained unchanged 4.2 per cent.

In Sydney rental yield for houses fell from 3.5 per cent to 3.2 per cent, while units rose from 4.1 per cent to 4.4 per cent.

The combined capitals’ rental yield for houses fell from 3.7 per cent to 3.4 per cent and units dropped from 4.5 per cent to 4.3 per cent.

[Related: Landlords are having a bad run, new stats reveal]

 

Canberra and Adelaide lead in rental yields
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