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Tuesday, 1 August 2017

Rental growth returns

Rents rising

CoreLogic reported in its Quarterly Housing & Economic Review that capital city rents are rising again following the crackdown on investor lending. 

The annual increase was mainly driven by the most populous capital cities of Sydney (+4.5 per cent) and Melbourne (+4.1 per cent).

There were also increases in Hobart (+6.2 per cent), Canberra (+8.4 per cent), and Adelaide (+1.1 per cent). 

Source: CoreLogic

At this stage the national result is not strong enough to pull inflation much higher.

The headline figure continues to be pulled down by negative growth in rents in Perth (-8.3 per cent) and Darwin (-5.4 per cent).