Darwin tops RP Data rental yield figures
Anyone sitting on the fence about committing to investment property in Moil and elsewhere in Darwin should take the plunge and buy real estate in the Northern Territory capital city. The RP Data September 2014 Quarter Rental Review highlighting the city's top position on the national scoreboard for rental yield growth.
The report outlined Darwin's detached rental yield market rose by 1.5 per cent over the last quarter – as well as over the last 12 months – to bring the median rental yield per week for homes in the city up to $660. Furthermore, over the last year, rental yields for units have also grown significantly, rising by 5.8 per cent.
RP Data national research director Tim Lawless said the opportunity for buying investment property across Australia could be a great avenue to consider. While rental yields are beginning to mellow out, capital gains are starting to pick up strength and could make portfolio expansion worthwhile.
"This is happening at a time when investment demand is at record levels and trending higher, which highlights that most investors are focussing on capital gains and ignoring the low yield scenario," said Mr Lawless in an 8 October statement.
Get in touch with a local real estate agent to discuss the various real estate options available in your area today.