Rents bogged

Via CoreLogic:

Nationally, weekly rents increased by 0.3% over the second quarter of 2019 which was slower than the 1.0% increase the previous quarter and level with rental growth over the June 2018 quarter.Capital city rents were 0.1% higher over the quarter while they were -0.1% lower year-on-year while regional market rents were 1.7% higher over the quarter to be 1.9% higher over the past 12 months.

 The annual change in combined capital city rents remains at record low levels (based on data which is available back to 2005) while annual growth in regional rents has remained fairly steady over the past quarter.  Over the past 12 months, rents have increased in all capital cities except for Sydney and Darwin.

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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.