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Home Values Surpass Rental Growth

There's good news for anyone who owns Bulimba real estate, as capital city house prices continue to increase.

The RP Data-Rismark Home Value Index shows capital city house values have increased by 5.7 per cent over the past year, while unit values have jumped 4.4 per cent in the same period.

It's not a bad result for rental property owners, however. The data shows capital city house rental rates have increased by 3.1 per cent and units by 2.6 per cent.

In the residential housing market it is very unlikely to experience growth in both home values and rental rates at the same time. As yields are based on both figures, a faster increase in values than rents will lead to a decrease in rental returns.

In the past two years the annual rate of rental growth rarely outperformed the rate of home value growth. This means that houses for sale in Bulimba are likely to get a better return on their property, though rental rates have not yet fallen over an annual basis.

The RP Data report expects value growth to accelerate in Brisbane over the coming year, which is likely to cause further erosion of rental yields.

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