Rental yields on the rise
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.
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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.
Rismark joint managing director Ben Skilbeck said investors could expect returns to continue to improve.
“Rental vacancy rates remain very tight, so we expect to see further improvements in rental returns,” he said.
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