Australia’s capital city rent prices continued to increase during 2013, according to a recent rental report by the Australia Property Monitors.
Residential rental prices in Adelaide are following the national trend, seeing an increase of 2.9 per cent and 1.8 per cent respectively during the December quarter.
Owners of rental property in Adelaide will be pleased, as this increase has seen consistency in a number of recent reports. The momentum is predicted to continue throughout 2014, according to Dr Andrew Wilson, senior economist for Australian Property Monitors.
Adelaide continues to provide rental property owners with a healthy return on their investment. Rental yields remain strong, after seeing a steady increase during 2013.
It may be the ideal time to consider purchasing real estate in Adelaide for rental and investment purposes.
The report is also positive for those looking to rent property in Adelaide. Despite the increase in rental prices, the report indicates Adelaide remains an attractive city to rent property.
Adelaide is still the most affordable of all the mainland capitals for both housing and unit rentals.
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