Two speed rents: West goes boom, East goes bust

Thursday, 3 December 2020

Via CoreLogic:

CoreLogic November home value indices showed a second consecutive month of property value increases following a COVID-19- induced dip. For the first time since January, every capital city recorded a rise in dwelling values. This was off the back of accommodative monetary policy and fiscal policy, converging with a strong increase in consumer sentiment and the beginning of a recovery in economic conditions.

But as property prices move into a broad-based upswing, rents remain a mixed bag. A range of factors have created different results between regions and property types.

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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.