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James Mitchell
National rental yields have risen over the past quarter, creating a prime market for investors.
According to the latest RP Data-Rismark Hedonic Home Value Index, apartments across the country are now offering an average gross rental return of 5 per cent.
The best rental yields can be found in Darwin with 5.7 per cent, Canberra with 5.4 per cent, and Sydney and Brisbane, which both offer a 5.2 per cent return.
The worst yields are in Melbourne with 4.2 per cent, Adelaide with 4.6 per cent and Perth with 5.9 per cent.
However market conditions remain soft, reflecting a weak level of consumer confidence across the country, RP Data research director Tim Lawless said.
“Consumers are well and truly focused on saving, not spending,” he said.
“Despite the low rate of unemployment and the strength of the resources sector, it is clear that the average Australian is content to pay-down debt and wait for some economic certainty to return.”
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