Pete Wargent blogspot

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

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

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).