Regional house rental performance weak: CoreLogic RP Data
Michael CrawfordDecember 7, 2020
Regional rental performance on the whole is weak, according to CoreLogic RP Data, however there were some positive signs.
CoreLogic RP Data's Quarterly Regional Market Rental Review to September found the strongest performance by far was across regional Tasmania, where rents rose by 2% for houses.
The greatest fall in rental rates in comparison to last year was in the Northern Territory, with a decrease in house rents of 6.0%.
Over the September quarter rents for detached housing had no increase over the quarter, with rent falling in Western Australia (-2.6%), Northern Territory (-2.1%) and Victoria (-1.7%).
Highest rental growth region for houses was in northern New South Wales, with an increase of 3.3% over the quarter to $310/week.
Michael Crawford
Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.