Via CoreLogic:
Rental conditions continued to diverge through November.
Capital city house rents were 0.7% higher in November while unit rents were down -0.6%. The monthly data follows a now well established trend where house rents have shown a more positive trajectory than unit rents since the onset of COVID. Across the combined capitals, unit rents have fallen by -5.4% since March while house rents have increased by 1.1%. Most of the weakness in rental market conditions is emanating from Melbourne and Sydney where unit rents are -6.6% and -7.6% lower respectively since March.
