Gippsland is proving to be a better investment than Metro Melbourne for property investors seeking rental yields.
New REIV data shows the gross rental yield for a 2 bedroom house in regional Victoria was 5.2% in the December quarter which is significantly higher than the 2.9% recorded In metropolitan Melbourne.
Three bedroom homes in Morwell delivered regional Victoria’s highest yield of 7.8%. Other Gippsland town also showed better yields than Metro including Churchill 7.2%, Drouin 5.3% and Warragul 4.8%.
LandGipps has opportunities in each of these towns and can help you better research your property investment.
For more information on yields, visit the REIV website