Rental growth plunges towards zero

Thursday 8 October 2015

Core Logic-RP Data has released its monthly rental report, which provides another reality check for Australia’s landlord army, with annual rental growth falling to just 0.5% – the slowest pace in records that date back to December 1995 – and rental yields at all-time lows:

In the month of September, rents at the combined capital city were flat, but fell by 0.7% over the quarter. Rents are falling fastest in Perth and Darwin, but were negative over the quarter everywhere.

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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.