Softest conditions on record for capital city rental markets – no growth recorded over past 12 months.
Dwelling rental growth is now at its lowest level on record according to the January 2016 CoreLogic RP Data Rental Review released today. Currently the median rent rate is recorded at $443 across the combined capital cities.
Research analyst Cameron Kusher said, “CoreLogic has tracked annual rental changes since 1996 and over that time, rental growth conditions have never been weaker. At the same time last year rental rates had increased by 1.7% highlighting that the slowdown in rental conditions has been sharp over the year.”
“A combination of factors is affecting the national rental market. Among these is a higher level or…