If you're an investor with property in Brunswick, you might be eyeing the recent reports of rental income stagnation or even outright falls with some trepidation. While property values in Melbourne continue to rapidly rise, it appears that the rental market in Australia hasn't been seeing quite as great a result.
In fact, according to CoreLogic RP Data, rents have fallen in the capital cities by 0.2 per cent over the last year, led by houses which suffered a 0.5 per cent drop. Apartments did not escape unscathed, growing by a record-low of only 1.2 per cent.
These are all pretty worrying numbers for landlords in Melbourne, but those who were wise enough to invest in Brunswick real estate shouldn't be feeling the pinch. While CoreLogic has reported a rent drop of up to 21 per cent in some Melbourne suburbs, Residex data reveals that Brunswick has escaped scot-free.
As of March 2016, house rents are still increasing in step with values, maintaining a healthy 4 per cent yield, while units are in an even better position, scoring 5 per cent yields for apartment owners.
This is just another great example of why real estate agents will always repeat the mantra of location, location, location. While other suburbs might be suffering at the hands of stagnating rents, Brunswick continues to provide excellent results to investors, while value increases are spelling plenty of equity for owner-occupiers too.
It's a great time to be a home-owner in Brunswick, so if you're looking for a haven among the falling rents, make sure you get in touch with one of the local Ray White real estate agents! Whether you're after your first home or a great place to sink your capital into, give us a call or visit our office to discover a wide range of Brunswick properties available for purchase.