According to Mr Lawless, such a yield environment may potentially start acting as a disincentive to investors.
“With gross yields low in Melbourne, and not a lot better in Sydney, together with the fact that both these markets are well advanced in their growth cycle, it would suggest that investment fundamentals in these markets are waning. It is my view that investors will start seeking out the higher yields of Brisbane where the market is also far earlier in the growth cycle,” he said.
The Brisbane apartment median price is up 2.6% for the quarter and 0.8% for the month, according to RP Data.
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