Melbourne Housing Market Update [Video] – June 2016

The Melbourne housing market finished the month as having the lowest rental yield in houses. with a gross rental yields of 2.9%.

Melbourne’s housing market is still recording the highest annual rate of capital gain at 13.9%.

The largest capital gains over the cycle to date have been in Sydney where dwelling values are 57.5% higher followed by Melbourne with a 39.4% capital gain since values started rising. 

A rise of more than 1% month-on-month was also recorded in Melbourne. (1.6%)

Auction clearance rates across the combined capital cities have remained stable and hovered around the high 60% to low 70% range since February this year.

Melbourne clearance rates now sit in the early 70% range.

The March data shows investors now comprise of 47.6% of all new mortgage commitments which is the highest proportional reading since August last year.


The effect of strong capital gains with little rental movement is a further compression of gross rental yields which fell to a new record low during May.

You may also be interested in reading:

National Housing Market Update [Video] – June 2016

Want more of this type of information?

Tim Lawless


Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit

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