RESIDENTIAL PROPERTY
AFTER 10 consecutive quarterly increases, the December quarter saw finally saw house asking rents hold steady for the combined capitals...
According to the latest figures from Domain for the December quarter, house weekly asking rents were stable with unit asking rents up 0.8%...
Despite some welcome moderation for renters, asking rents are still at record highs across the combined capitals at a combined dwelling median of $600...
At the same time, the vacancy rate is showing signs of improvement across most of the capital cities, with Sydney, Melbourne and Brisbane at 12-month highs of 1.3%, 1.2% and 0.9% respectively...
In Sydney, unit rents were steady for the first time in two and half years at $680 per week. While house asking rent growth continued slow for the second quarter...
In Melbourne, rents were steady for the first time in more than two years after eight consecutive quarters of growth. With house rents at $550 per week and...
Brisbane house and unit asking rents continued to grow over the December quarter, with house rents up 1.7% to $600 per week and units up 1.8% to...
Adelaide house rental growth reached a 3.5-year low hitting a new record high median of $560 per week, while unit rents were steady at the record high of...
Perth is also continuing in its longest run of rising rents, with house rents up for ninth consecutive quarter to $620 and units up for the sixth to...
In Canberra, both house and unit rents were up for the first time in a year, growing to $680 per week and $560 per week respectively...
On the other hand, Hobart saw its first annual decline in unit rents in a decade, down 4.3% to $450 with house rents returning to a record high of..
Finally, Darwin’s median house rents were steady for the third month in a row at $650 per week, with unit rents rising to their highest level since 2014 at...
“Looking ahead, several factors are slowing rental growth — stretched affordability, more renters opting for house shares and a slow return of investors over...
Additionally, more renters are expected to enter homeownership in 2024, with new first home buyer incentives coming into effect...