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The property market remains an investors’ playground, according to RP Data’s Cameron Kusher.
Speaking to The Adviser, RP Data’s senior research analyst said rental yields were steadily growing, offering investors good market opportunities.
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“We are seeing a lot of upgraders and investors entering the market,” he said. “There has been a significant improvement in rental yields over the last 24 to 36 months, especially in areas such as Darwin – which can only be good news for investors.”
Houses in Darwin currently boast an average gross rental yield of 6.2 per cent.
“When yields firm up, the market becomes a lot more attractive to investors and that is what we are seeing at the moment,” Mr Kusher said.
At present, there are 582 suburbs across Australia with gross rental yields of 5.5 per cent or more.
