Some capital city suburbs have recorded such large drops in rental yields over the past year that returns are now below 2 per cent.
Kirribilli in Sydney topped the list with a gross rental yield of 1.55 per cent. This was down from 4.02 per cent in March 2014.
Deepdene in Melbourne was next, recording a gross rental yield of 1.63 per cent. No data was available for last year.
Potts Point in Sydney produced a gross rental yield of 1.64 per cent, which was down from 4.95 per cent.
Portsea in Melbourne recorded a gross rental yield of 1.80 per cent, down from 2.25 per cent the previous year.
Also in Melbourne, the suburb of Eaglemont produced a gross rental yield of 1.88 per cent, which was down from 2.48 per cent.
Tennyson Point in Sydney was next, recording a gross rental yield of 1.89 per cent. This was down from 2.37 in March 2014.
Toorak in Melbourne also produced gross rental yield of 1.89 per cent, which was a decrease from 2.03 per cent.
Both Rossmore in Sydney recorded gross rental yields of 1.90 per cent.and
For Burwood it was a decrease from 2.29 the previous year, while no data was available for Rossmore.
Rounding out the top 10, the Canberra suburb of Hughes recorded a 1.98 per cent gross rental yield, which was down from 3.74 per cent the previous year.
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