Adelaide is starting to attract more and more investors thanks to "value for money for every dollar," according to a news.com.au article.
CoreLogic's first quarterly rent review in 2019 showed that rents in South Australia's capital city were slowly but surely rising 0.8% from March and 1.2 % compared to the previous year.
The median weekly rent of a property in Adelaide is $ 386, making it the second cheapest rental city in Australia.
Gross rental yields, meanwhile, remained unchanged during the year at 4.4%.
News.com.au defined gross rental yield as a calculation designed to indicate the rental yield over a 12-month period by dividing the annualized rent by median selling prices.
Across the country, Darwin had the highest rental yield at 6%. Hobart was second at 5.1%, while Sydney and Melbourne posted the lowest at 3.5% and 3.6%, respectively.
The report also revealed that, while Sydney and Melbourne were generally the cities that attracted the largest number of investors in the country, this would likely change.
"As gross returns are so low in these two cities, investors are likely to move to other cities, where housing is more affordable, where capital gains opportunities are potentially better and where returns are higher. rental is superior, "CoreLogic says
This prediction coincided with a report from the Real Estate Institute of South Australia (REISA) that state real estate agents had already begun to notice increased investor interest in Adelaide.
"The secret is unveiled. We are traveling well by the minute compared to East, so more and more investors see Adelaide as an untapped opportunity to generate excellent returns on investment, "said REISA 's Director. , Greg Troughton.
Troughton warned that the difficulty of obtaining loans and the uncertainty surrounding the federal election and the future of negative conversion could moderate investors' interest in the US. to come up.
However, real estate agents are still able to argue the relatively affordable nature of the city.
"Value for money and returns are a feature that REISA members have been mentioning for some time and should continue," said Troughton.
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