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Toowoomba’s property market experienced a significant surge in the first months of 2024, with the city recording notably strong sales at the higher end of the market.
What’s Happening Following recent data released from MCG Quantity Surveyors, it reveals that regional markets are demonstrating higher rental yields compared to metropolitan areas. Regional Areas Outperforming Metros “Regional areas are exhibiting higher rental yields than metropolitan areas,” says Mike Mortlock, Managing Director of MCG Quantity Surveyors. “For instance, West Pilbara in Western Australia has house yields of 9.85% and unit yields of 13.12%, driven by strong rental demand in the mining sector.” Zooming In Victoria’s Campaspe region reports house yields of 6.23% and 11.28% for units. These yields are influenced by affordable property prices and consistent rental demand. “Regions like Campaspe in Victoria are currently reflecting strong rental yields,” Mortlock notes. Queensland’s Outback – South and Bowen Basin –
Toowoomba’s property market experienced a significant surge in the first months of 2024, with the city recording notably strong sales at the higher end of the market.
What’s Happening Following recent data released from MCG Quantity Surveyors, it reveals that regional markets are demonstrating higher rental yields compared to metropolitan areas. Regional Areas Outperforming Metros “Regional areas are exhibiting higher rental yields than metropolitan areas,” says Mike Mortlock, Managing Director of MCG Quantity Surveyors. “For instance, West Pilbara in Western Australia has house yields of 9.85% and unit yields of 13.12%, driven by strong rental demand in the mining sector.” Zooming In Victoria’s Campaspe region reports house yields of 6.23% and 11.28% for units. These yields are influenced by affordable property prices and consistent rental demand. “Regions like Campaspe in Victoria are currently reflecting strong rental yields,” Mortlock notes. Queensland’s Outback – South and Bowen Basin –
