Recent data on rental yields in Australia’s two largest cities reveals some interesting trends. These figures, aggregated at the suburb level, provide insights into the property markets of Sydney and Melbourne.
Looking back to 2017, Sydney’s rental yields were generally lower than Melbourne’s. For instance, in January 2017, Sydney’s yield was around 4.84%, while Melbourne’s was higher at about 6.66%.
However, the data shows a significant shift in 2018. Sydney experienced a dramatic spike in rental yields, reaching as high as 30.65% in October 2018. This was a stark contrast to Melbourne’s more stable yield of around 6.42% during the same period.
Following this anomaly, Sydney’s rental yields settled back to more typical levels. By 2019, both cities were showing comparable yields, with Sydney ranging between 4.8% and 5.1%, and Melbourne between 6% and 6.8%.
The most recent data from 2022 indicates that the gap between the two cities has narrowed further. In March 2022, Sydney’s rental yield was approximately 4.23%, while Melbourne’s was slightly higher at 4.64%.
These figures highlight the dynamic nature of Australia’s property markets, with rental yields fluctuating over time in response to various economic factors.
Leave a Reply