Pleasing news through from Core Logic / RP Data – stating that over the past 10 years, national weekly rents for both houses and units have increased by 25.7 per cent. House rents increased by 1.9 per cent over the past 12 months, while units increased by 1.7 per cent
Rental yields have increased nationally by 0.6 per cent over the past 12 months to 3.7 per cent. The average rental yield is 3.4 per cent across the combined capitals (+0.1 per cent). In comparison, yields across the combined regions fell slightly (-0.1 per cent) to 4.9 per cent.
Annual rental yields increased in Sydney (+0.1 per cent), Darwin (+0.3 per cent) and Canberra (+0.1 per cent). Yields remained static
Darwin has both the highest growth in rental yields (+0.3 per cent) as well as the highest yield (+5.7 per cent). Hobart has the second highest yield (+4.9 per cent) followed by Canberra (+4.6 per cent). Melbourne (+3.0 per cent) has the lowest rental yields, followed by Sydney (+3.2 per cent).
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What are Sydney House Prices doing?
Core Logic / RP Data also reports that Sydney has had their biggest fall on record :
Showing that there are good and better options around the countryside to take advantage of!
None other than . . .
This development is a collective of residential neighbourhoods designed to grow in harmony with the surrounding Australian bushland and connect families with its natural beauty. 50 hectares will be preserved as open green space for community parks, playing fields and will provide picnic shelters and boardwalks for the community. It comprises of local Greenbank shopping, schools and sports clubs are nearby while a host of facilities in Springfield Lakes – including the Robelle Domain waterpark & playground, Mater Private Hospital Springfield, The University of Southern Queensland, Brookwater Golf Club.
Modern open-plan living family homes. Turn-key inclusions such as air-conditioning, dishwasher, LED lighting, double power-points, hand-held shower rail, blinds and fly-screens, manufactured stone benches, raised ceiling heights, 6-star energy rated energy efficiency, double car garage with remotes, landscaped and fenced- 6 month maintenance period.
6 star energy rating, LED lights, 250L electric hot water,stone bench tops,dishwasher,hand-held shower arm, Air-con to living area, fans to bedrooms,clothes line, letterbox, 12month maintenance period, powder coated aluminium fly screens to all windows and security screens to all sliding doors, keyed window locks, auto sectional garage door with 2 handsets, blinds to all windows and sliding doors, carpeted bedrooms and lounge, tiled to kitchen,bathrooms, family room, fenced and landscaped.
CASH FLOW POSITIVE by $18 per week; a great opportunity!
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Have a great weekend and catch you next week!