New analysis from Finder, using CoreLogic data, shows which cities are seeing rental price growth outstrip house price growth.
So what’s happening in Brissie?
Rental growth has outpaced house price growth, but not by much, reports Money magazine.
“In Brisbane, rental prices slightly outpaced property prices for much of 2023 and early 2024, while in Adelaide, the two metrics remained closely aligned. By 2024, rental prices in both cities had increased by over 50% compared to their pre-pandemic levels, making them among the strongest-performing rental markets in the country,” it says.
For investors this presents the opportunity to achieve solid capital growth and healthy yields.
But for renters these growth spikes have not been such welcome news, the magazine reports.
“For both investors and renters, these trends indicate a highly competitive housing market.
Investors in Brisbane and Adelaide have seen strong capital growth, while rental yields have remained robust due to rising rental prices. However, for renters, affordability has become a growing concern as prices continue to rise, mirroring trends seen in other major Australian cities.”
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