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Canberra records increased rental yields over 2015 first quarter

By Ben Faulks

Potential investors eyeing up houses for rent in Belconnen could be swayed by the latest rental figures released by CoreLogic RP Data, which found Canberra was one of the capital cities to see a rise in rents over the first quarter of 2015. 

The latest CoreLogic RP Data Quarterly Rental Review offered some insight into the first three months of 2015, with research analyst Cameron Kusher pointing out that Australia's house and unit rents have risen by 1.3 per cent nationwide.

"Given the softer conditions recorded across the capital city rental market towards the end of 2014, rental growth over the first quarter of 2015 has been relatively strong at a capital city level," said Mr Kusher in a 9 April statement. 

Furthermore, Canberra was one of the strongest performing capital cities in Australia over this period, seeing rents record a 1.1 per cent increase during the quarter. The other top cities included Melbourne (1.3 per cent) and Sydney (one per cent). 

If you're interested in buying real estate in Belconnen, be sure to get in touch with a local real estate agent. Their expertise and insight can help you locate the perfect property for your needs. 

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