Aussie rents continue to plummet

Advertisement

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:

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.