More evidence of rental stall in capital cities

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From the AFR:

Asking rents have stalled in the capital cities after a spike in investment property purchases pushed up supplies in the rental market.

Rental growth for houses was flat in most cities in the September quarter and fell in some areas for units, research from Domain Group showed.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.