Two cities dragging yield figures down
Things have been looking up for landlords in a majority of Australia's capital cities, despite the tightening markets in two cities distorting the national average rental yield.
Rental yields have seen gains in most capital cities, although the national average for houses and units has fallen.
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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 5.0 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 3.0 per cent and units remained unchanged at 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.
