Rental rates for houses down 0.8%: CoreLogic RP Data

Rental rates for houses down 0.8%: CoreLogic RP Data
Rental rates for houses down 0.8%: CoreLogic RP Data

Rental rates for houses fell 0.8% across the combined capital cities over the three months to September, according to CoreLogic RP Data.

CoreLogic RP Data's September Rental Index Results found over the past year house rents have increased 0.3% with units rising 15% year-on-year. 

The review said annual rental growth is currently at its slowest pace on record and is also well below its 10 year average levels.

"The 10 year annual rate of rental growth is currently higher than growth over the past year across each capital city," it said.

"Combined capital city house rents were recorded at $487 per week in September 2015 and unit rents were $462 per week, with the gap in the rental cost remains significantly lower than the actual purchase cost of a house relative to a unit."

 

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Rental rates for houses down 0.8%: CoreLogic RP Data

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Rental rates for houses down 0.8%: CoreLogic RP Data

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Housing Rental Rates

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