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Darwin Boasts Country’s Top Rental Yields

By Alicia Jarrett

The Northern Territory capital has shown the highest rental yields in Australia over the last quarter, which will be great news for investors who are keeping tabs on real estate in Darwin.

The RP Data-Rismark August Hedonic Home Values Index, which was released on September 2, shows the current state of property markets across the country, including figures on dwelling values and rental yields.

Darwin came out as one of the most attractive markets for investors in Australia, with houses in the city boasting a gross rental yield of 6.1 per cent.

Meanwhile, Darwin units performed similarly well, with a gross rental yield of 6.3 per cent.

This was in stark contrast to Melbourne, which reported low yields of 3.6 per cent and 4.3 per cent for houses and units respectively.

In addition to Darwin's strong rental yields, dwelling values in the city also showed positive growth in the last month, jumping 0.7 per cent to match the 0.5 per cent rise in the country as a whole.

Tim Lawless, RP Data research director, commented that these positive results would likely pave the way for a strong spring season in the housing market.

"Housing market conditions are looking set to provide what could be described as a near-to perfect spring season with the number of homes currently available for sale around 15 per cent lower than a year ago," he said.

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