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CoreLogic has released its Quarterly Rental Review, which reveals that rental growth decelerated over the March quarter prior to the coronavirus lockdown:
National rents increased 0.3% over the month of March, and 1.2% on a quarterly basis to be 1.4% higher over the year. Growth rates decelerated over the month, and are likely to experience further downward pressure amid the COVID-19 crisis.
Capital city rents are 1.3% higher over the quarter and 1.0% higher year-on-year. Regional rents are 1.0% higher over the quarter, and 2.6% higher over the year…
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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.
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