Rents continue to fall

By Leith van Onselen

Core Logic-RP Data has released its monthly rental report, which provides another reality check for Australia’s landlord army, with rents falling across every capital city in August except Sydney (where they remained flat) and annual rental growth coming in at just 0.7% – the slowest pace in records that date back to December 1995:

In the month of August, rents fell by 0.4% across the combined capital cities and were down by 0.9% over the quarter. Rents are falling fast in Perth and Darwin, although growth is weak pretty much everywhere.