Rental yields up in Stirling Street Precinct
Posted 26 . 09 . 15
Stirling Precinct rental yields are recording a premium over those in the wider Perth metropolitan area, according to latest Urbis research.
From a rental return perspective, the suburb of Perth recorded an indicative gross unit rental yield of 5.8% for the 12 months to June 2015. This was above the equivalent for metropolitan Perth (5.0%) and higher than the other suburbs. It highlights that whilst rents have softened, investors are still gaining attractive returns from inner city apartments.
The Stirling Precinct recorded a median unit asking rent of $520 per week over the 12 months to June 2015. This result was 24% higher than metropolitan Perth’s figure ($420). As the Stirling Precinct sees further redevelopment and becomes a more attractive precinct, rents are expected to rise.