Rental yields on residential properties in Sydney and Melbourne have fallen to record lows posing risks for property investors and residential mortgage-backed securities, ratings agency Moody's warns.
Increased net costs in servicing a housing investment relative to household incomes make investment properties less affordable, according to Moody's Investor Services residential report.
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Su-Lin Tan reported on housing, commercial real estate and property finance. She also covered China and Asian business, trade and politics. Connect with Su-Lin on Twitter. Email Su-Lin at stan@afr.com.au
