Core Logic-RP Data has released its rental report for March, which revealed that annual rents have declined for the first time in records dating back to 1996, down by 02% at the capital city level in the year to March 2016:
As shown above, half of the capital cities – Brisbane (-0.7%), Adelaide (-1.0%), Perth (-8.4%) and Darwin (-11.5%) – recorded rental falls, whereas half of the capitals – Sydney (+1.4%), Melbourne (+2.0%), Hobart (+0.3%) and Canberra (+1.2%) – recorded small increases in rents over the year.
