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Melbourne Property Market — Rental Yields, Vacancy Rates & Future Outlook

I anticipate seeing this probably drop a little bit over the next couple of years. But that rental income growth is still there, and once the economy is thriving again, there’s going to be renewed pressure as vacancy rates drop as well.

It’s still a tightly held market — 1.8% vacancy is still low. So, we know we’re going to continue to see rental income growth.

That said, one con of the Melbourne market you have to understand going in is that yields are not as strong as some of the other metros — for example, Brisbane.

Your yield is going to be a little bit lower on the front end, and that’s something you just have to factor in.

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