Core Logic-RP Data’s Capital Markets Report for 2015, released today, contains a tacit warning to Australia’s army of negatively geared property investors, who are gearing up into interest-only mortgages at a time when rental growth is plummeting:
Over the 12 months to January 2015, weekly rental rates have increased by just 1.7 per cent across the combined capital cities. This indicates that rents are now increasing at their slowest pace since June 2003. Rental growth is limited for both houses and units although unit rents have increased at a faster pace over the year (2.2%) than house rents (1.7%).
