Weekly key statistics for property: rental rates and yields

On an annual basis, most capital city markets are seeing that their median weekly rent is still higher than it was 12 months ago. In saying this, virtually every city across all property types has seen median rental rates fall over the last six months as first home buyers have been very active easing some of the rental market pressure.

In turn, rental yields have also eroded as rental rates have begun to fall and property values continue to climb. RP Data anticipates the rental market will tighten over the first half of 2010 leading to higher rents due to ongoing low vacancy rates.