Yesterday’s house price results from Australian Property Monitors (APM) revealed that house prices in Melbourne rose by 1.6% in the June quarter (see below table).
And earlier this month, APM released its rental results for the June quarter, which revealed that Melbourne gross rental yields rose by 2.1% over the quarter, despite zero growth in asking rents (see below tables).
Anyone know how APM can calculate rising rental yields in Melbourne on rising house prices and flat rents?
I asked APM’s Dr Andrew Wilson this question via Twitter yesterday, but have yet to receive a response.
Twitter: Leith van Onselen. Leith is the Chief Economist of Macro Investor, Australia’s independent investment newsletter covering trades, stocks, property and yield. Click for a free 21 day trial.
