Real Estate : Rising prices squeeze rental yields
Housing price growth continued to outpace rents, squeezing rental yields lower in April.
Housing prices rose by 1.7 per cent on average in the state and territory capitals in April, according to CoreLogic RP Data's Home Value Index.
Annual growth was 7.3 per cent, compared with 7.9 per cent over the year to April 2015.
At the same time, rents were unchanged on average in April and down by 0.2 per cent through the year, reducing rent as a percentage of the home value, the gross rental yield.