Rental Market State of Play 12-2-16

On the rental front, annual gross rental yields have continued trending downwards, with the combined capital city gross rental yield reaching 3.5%. Darwin topped the table (5.3%), followed by Hobart (5.1%), Brisbane (4.4%), Adelaide (4.2%), Canberra (4.1%) and Perth (3.8%). Sydney and Melbourne posted the lowest gross rental yields (3.4% and 3% respectively).

Annual combined capital city house rents fell by 0.3%. Only Melbourne, Canberra and Sydney recorded an annual increase in house rents (up 2.1%, 1.8% and 1.1% respectively). Darwin posted the biggest fall in annual house rents (-13.7%), followed by Perth (-8.5%). Falls were also recorded in Brisbane (-0.7%), Adelaide (-0.4%), Hobart (-0.2%).

The report noted addiitional economic data highlights, including:

  • Dwelling approvals remain high but are slightly down from their record high – with nearly 234,000 dwelling approvals over the past year.
  • Consumer sentiment eased by 3.5% in January, which is the lowest level since September 2015 but 4.3% higher than a year ago.
  • Unemployment is now at its lowest level in two years, easing to 5.8% in January.
  • The RBA left the official cash rate on hold in February, however, the market anticipates a 0.25% cut by September this year.

About ljgrealestate 据联大

Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085.
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