Rents to climb?, albeit slowest on record: CoreLogic RP Data

The majority of respondents to a recent survey believe rental rates will rise within the next 12 months, with most saying it will move less than 5%.

The CoreLogic RP Data Nine Rewards Consumer housing market sentiment survey found 51% of people surveyed expect rental rates to rise over the coming year, with 9% expecting a slide.

According to the report rents are increasing at their slowest pace on record, with three capital cities recording falls in the last six months.