From CoreLogic/RP Data comes April’s rental review and the numbers are sobering for Australia’s burgeoning army of landlords with minor capitals falling and only 1.7% growth for the year nationally:
Thursday 14 May, 2015: CoreLogic RP Data’s April Rental Review out today shows that the biggest capital city rental market losers were Perth, Darwin & Canberra, where over the year, rents have dropped by -4.2%, -4.7% and -2.6% respectively.
- Across the combined capital cities, rental rates increased by 0.1 per cent in April and continue to rise at their slowest annual pace in more than a decade according to research analyst Cameron Kusher.
- Currently, combined capital cities rental rates are recorded at $487 per week and rose by just 0.1 per cent over the month, 0.7 per cent over the quarter & 1.7 per cent over the past year. Across the combined capital cities, rental rates increased by 0.1 per cent in April and continue to rise at their slowest annual pace in more than a decade according to research analyst Cameron Kusher.
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