As rental yields continue to grow in Melbourne, now could be a great time to consider your investment options for property in Brunswick. The latest Australian Property Monitors (APM) Rental report has found a yearly increase in rental income for investment properties across the Victorian capital city, which could be worth investigating in the near future.
For example, over the last 12 months the median asking rent for houses in Melbourne has risen by 5.6 per cent – the largest capital city growth over the last year. Furthermore, the median asking rent for units in Melbourne has risen by 2.8 per cent over the last year, highlighting the growing strength of the nation's real estate market.
APM Senior Economist Dr Andrew Wilson said these results were evidence that Australia's two largest capital city markets – Sydney and Melbourne – were continuing to see large degrees of growth. This could be great news ahead of the expected population boom, which will push up the demand for accommodation nationwide.
Now could be a great time to get in touch with a real estate agent in Melbourne to begin discussing the investment options available to you.