Core Logic has released its rental report for July, which revealed that rents at the combined capital city level fell by 0.3% in July, by 0.7% 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 (-1.0%), Perth (-9.2%), Adelaide (-0.5%), and Darwin (-15.7%) recorded rental falls over the year, whereas Sydney (+0.4%), Melbourne (+2.0%), Hobart (+6.2%) and Canberra (+1.9%) recorded increases.
