Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 4 April 2017

Melbourne rents accelerating

Hot on the heels of record population growth, asking rents for Melbourne houses are now 7.5 per cent higher than a year ago, or 10.7 per cent higher than three years ago, according to SQM Research. 


Source: SQM Research

Unit asking rents in Melbourne are also 10.7 per cent higher that three years ago.

Sydney house rents have followed a similar trajectory since 2009, and are up a slightly stronger 11.7 per cent over the past three years. 

Indeed, Sydney rents have been outpacing inflation consistently for a long time - including rising by 56 per cent over the last decade - which has made the rent versus buy decision a more difficult one than many suppose.