Australian housing prices have soared by more than 500% over the past 25 years but while capital values have grown, yields have fallen to all-time lows.
Real Estate Institute of Australia (REIA) President, Adrian Kelly said housing investors have been driven more by expected capital gains rather than rental yields.
According to data from REIA, the median price for Australian housing inflated from $160,000 in 1996 to $825,000 in 2020.
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REIA News – March 2021