Are soaring rents enticing investors?
A sustained period of strong rental growth has seen national dwellings record the highest annual growth in rental values since December 2008, with investors now weighing up yields against property price movements.
While the city of Liverpoolin Western Sydney NSW waits for evacuation orders from rising floodwaters, investors are eyeing another type of rising liquidity in the area, as rental yields nudge record levels.
The surge in rent prices comes on the back of undersupply in the market, which is also a national phenomenon, and home and apartment buyers are responding to interest and cash rate hikesby passing the costs to tenants.
PRD chief economist …