It’s back to a buyers’ market according to RP Data as properties take longer to sell and stock levels mount up due to decreased buyer activity.
Market conditions are likely to remain somewhat flatter for some time, which will create strong investment opportunities for interested buyers, RP Data said in a statement released today.
RP Data research director Tim Lawless said softening capital growth combined with an exceptionally tight rental market was resulting in gross yields trending up.
Mr Lawless said there were around 180 suburbs throughout Australia offering gross rental yields of at least six per cent. Almost two thirds of those suburbs are located in regional townships and just over one third are located in metropolitan areas.
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