Investors of Carnegie or Oakleigh real estate may be feeling favourable rental gains if the latest Rental Report: December Quarter 2013 is anything to go by.
The report was released by the Australian Property Monitors this February and provides useful insights for those investing in the Melbourne market, especially for those interested in Malvern East, Oakleigh or Carnegie real estate.
The median weekly asking rent for houses was $375 during 2013's final quarter, which is higher than the figure for units in the city ($350).
Meanwhile, quarter-on-quarter increase for Melbourne median house rents was 1.4 per cent, showing stronger growth than the likes of Sydney, which saw no growth at all over the same period.
Between December 2012 and December 2013, the year-on-year increase was 4.2 per cent for house rents.
Unit rents remained flat with no increase over the same period.
Rental yields dipped slighted in Melbourne year-on-year to December 2013, however there was no decrease between the third and final quarter, which could indicate a possible correction of the market in coming months.
Melbourne gross rental yields for the December quarter were 4.29 per cent, while unit yields increased quarter-on-quarter, showing a 4.61 per cent yield.
Expert property management is a popular tool to managing an investment portfolio to ensure investors obtain the highest yield possible.
Contact experienced selling principal Matt Hurlston at Ray White Carnegie if you'd like to expand your investment portfolio or obtain expert property management services.
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