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Gold Coast Rentals Posting Good Rental Yields

By Amanda Shannon

Investors on the hunt for Gold Coast rental properties may be further encouraged by new research from RP Data and Rismark.

According to the Home Value Index released by the two property research companies, houses and apartments for rent in the Gold Coast and Brisbane have posted strong rental yields for the month of June.

The research found that the current rental yield for a house has reached 4.8 per cent, while units and apartments are sitting at 5.4 per cent.

Furthermore, a recent analysis of data from the Australian Bureau of Statistics by the Real Estate Institute of Queensland (REIQ) has found that investor activity in the state has risen.

The number of active investors in the market has increased in May this year by 20 per cent, compared to the level seen a year earlier.

"When you also consider the underlying dollar value of loans to Queensland investors captured by the ABS, it clearly shows that investment activity is at its highest level since June 2009," said REIQ chief executive Anton Kardash.

For help with finding an investment property on the Gold Coast, contact the experts at Ray White Broadbeach for assistance.

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