Rents fall in every capital city

Monday 10 August 2015

Core Logic-RP Data has released its monthly rental report, which provides a reality check for Australia’s landlord army, with rents falling across every capital city in August and annual rental growth coming in at just 0.9% – the slowest pace in records that date back to December 1995:

As shown above, rents are falling fast in Perth and Darwin, and growth is weak elsewhere. Accordingly, gross rental yields have plummeted to the lowest level on record.

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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.