As the rental yields for property across the nation increase, now could be a great time for investors to consider expanding their portfolio into Belconnen real estate and diversifying their investments for the long term.
The RP Data September 2014 Quarter Rental Review found that, nationwide, the annual rate for rent across the nation for both houses and units rose by 1.3 per cent. In capital cities, detached houses saw no change, while units increased by 2.4 per cent.
In fact, Canberra recorded the third strongest weekly rental yield for detached homes after Darwin and Sydney, with the median price sitting at $480. The ACT capital city also recorded the fifth strongest unit rental yield, with a weekly median price of $383.
RP Data national research director Tim Lawless said that one thing to keep in mind for future investment was the general slowing down of rental yields growth, while capital gain increases are picking up nationwide.
"This is happening at a time when investment demand is at record levels and trending higher, which highlights that most investors are focussing on capital gains and ignoring the low yield scenario," said Mr Lawless in a 8 October statement.