CoreLogic’s monthly report says good news for housing rental in Australia today.
Their monthly new research showing the rental market recorded its slowest growth in four years.
In July, there was a modest 0.1 per cent increase in rents as in capital cities.Past five years rental price increase 39.7 per cent.
CoreLogic economist Kaitlyn Ezzy said July’s small rise in national rents signals a broader cooling trend across the country and will provide some renters a much-needed respite after years of high demand and steep increases
Rents rose 0.6 per cent in Adelaide and 0.3 per cent in Melbourne and Perth
“Regional areas are benefiting from lifestyle changes, relative affordability, and migration trends,” CoreLogic economist Kaitlyn Ezzy said.
