Rents just keep on falling

Wednesday, 7 September 2016

From CoreLogic:

Weekly rents across the combined capital cities fell by -0.3% in August 2016 and are now -0.5% lower over the past year.

• Melbourne (2.4%), Hobart (6.8%) and Canberra (2.6%) are the only cities in which rental rates have increased over the past year while Sydney rents are unchanged.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.