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Highest-yielding suburbs in Australia’s capital cities revealed
By Bianca Dabu
27 April 2021
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1 minute read
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With national rents surging at the fastest pace in 14 years, certain areas are performing much better than others as rental yields stagnate across the country.
Despite a record growth in rents over the last quarter, national rental yields compressed to 3.55 per cent as dwelling values rose by a remarkable 2.8 per cent over the month of March, CoreLogic’s Rental Review for the March 2021 quarter revealed.
While gross yields across regional markets remained higher than those in the capital cities, both suffered noticeable declines in the first quarter, with yields across the combined capitals dropping from 3.42 per cent in the December quarter to 3.25 per cent in March, and from 4.83 per cent to 4.69 per cent in the regional markets.