Rentals remain extremely tight

Rentals remain tight

Cotality released its latest Monthly Chart Pack, which still had housing values up +2.1 per cent over the March quarter, and +9.9 per cent over the year. 

Source: Cotality

The flow of new listings was, surprisingly, lower than average for the time of year. 

Total listings were also -11.5 per cent lower than a year earlier, meaning that it's still often tough to find quality properties for sale. 

Rental markets remained extremely tight, with rental vacancy rates near all-time lows, and rents rising +5.7 per cent over the year to March.

This is before potential tax reform to be delivered in the May budget, which may target capital gains tax on investors. 

Source: Cotality

You can download the latest Chart Pack here.

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