CoreLogic: Sydney rents plummeting

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From CoreLogic’s Quarterly Rental Report:

In March 2019, rental rates nationally increased by 0.3% which matched the increase over the previous month. The first three months of the year have bucked the trend seen late last year whereby rents were falling. It is important to understand that rental markets are seasonal and the first quarter of the year typically sees the strongest rental growth.

As at March 2019, rents nationally were recorded at $436/week with combined capital city rents recorded at $465/week and combined regional market rents recorded at $378/week.

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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.