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Australian Property Monitors (APM) has released its rental report for the September quarter, which revealed a material slowdown in rental growth, with house rents only rising in Melbourne and Brisbane and only marginally stronger results recorded for units:
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Interestingly, it was the first time in around three years that Melbourne house rents had experienced any growth, according to APM.
With home prices rising, and rental growth weak, rental yields are now falling across most markets:
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The Full APM rental release is available for download here.
unconventionaleconomist@hotmail.com
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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