CoreLogic’s Housing Market Update Report for February includes interesting data on Australia’s rental market, which is rebounding strongly from the soft conditions evident between 2018 and 2020.
As illustrated in the next chart, rental growth nationally rebounded to 2.5% in the year to January 2021:
Rental markets are tightening across most areas of Australia – the key exceptions being the major cities of Sydney and Melbourne, which are being hit hardest from the collapse in immigration:
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