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CoreLogic has released its quarterly rental review, which reveals that rents fell for the third consecutive month, driven by sharp falls across Sydney:
In fact, the only capital city to record strong rental growth in the year to September was Hobart, where rents rose by 6.2%.
Hobart is also the rental growth leader over the past decade, recording growth in excess of 40% across both houses and units:
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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.