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Rental yields, property prices up across the capitals

Rental yields and property values were up during the month of july 16000646 800483842 0 0 7064183 300

Increased rental yields and property prices might be good news for investors and real estate owners, but renters and people hoping to purchase a home will be feeling the sting.

The latest Rismark Home Value Index from RP Data, released August 1, has confirmed that rental yields were up 4.9 per cent for units and 4.2 per cent for houses in the eight capital cities during the month of June.

Meanwhile home values also increased for the second consecutive month, up 0.6 per cent during June and 0.2 per cent for the quarter in those same locations.

The average property value in Sydney now sits at $535,000, while the equivalent number in Brisbane is $470,000.

People concerned about rising rents or property prices might think that now is a good time to consider evaluating their gas supplier.

With gas prices rising in recent months, making sure you are getting the best deal to suit your needs and not overpaying on your monthly utility bills is now more important then ever.

By shopping around for a better deal, people can often save significant amounts and help combat the rising cost of living across Australia.

Posted by Callum Fleming