Darwin Rental Yields are Tops!
Darwin is THE place to invest and is delivering the highest rental yields across Australia at 6.0%
Darwin remains the number one city for rental yields across the country.
The release of the recent Core Logic May 2019 report indicates that Darwin is delivering the highest rental yields across Australia at 6.0%. At a time when money has never been cheaper, and most other cities have declining rental prices, Darwin is the place to invest.
The high rental yield has been driven by the property values coming down by 29.5% in Darwin since their peak in October 2017. And there are indications that we’re at the trough.
Couple these low housing prices with the recent rate cut, and investing in Darwin is ideal. Earlier in June the RBA cut rates to 1.5% and provided indications that there’s likely to be another rate cut.
In addition to the rate cuts APRA have relaxed their lending conditions. So, getting finance and getting it at historically low levels makes investing in property an excellent investment opportunity.
High rental yields and cheap money make this a fantastic time to invest in Darwin. But the likely increase in property prices, will allow both high yields and also capital gains to be made in Darwin property investment
Darwin continues to remain the best places for landlords to invest. Investors wishing to invest in property would be wise to take a closer look at the Darwin market as it delivers the greatest capital yield nationwide with the average yield sitting at 6.0%, and will likely have capital growth to boot.
If you’d like to find out more about the market and the properties we have for sale, please give Maria a ring on (08) 8930 6600.