Core Logic: Rental falls accelerate

Thursday 7 July 2016

Core Logic has released its rental report for June, which revealed that rents at the combined capital city level fell by 0.4% in June, by 0.3% over the quarter, and by 0.6% over the year – the lowest rate of growth on records that date back to 1996:

As shown above, Brisbane (-0.3%), Perth (-8.6%), Adelaide (-0.4%), and Darwin (-16.2%) recorded rental falls over the year, whereas Sydney (+0.4%), Melbourne (+1.7%), Hobart (+4.6%) and Canberra (+1.9%) recorded increases.

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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.