House rents up 0.7%, units greater: CoreLogic RP Data

House rents up 0.7%, units greater: CoreLogic RP Data
House rents up 0.7%, units greater: CoreLogic RP Data

House rents have increased 0.7% of the past year, with rental for units increasing 1.6% for the combined city capitals according to new figures from CoreLogic RP Data.

CoreLogic RP Data's July Rental Index also found rental rates for houses down 0.5% and units up 0.2% over the three month period ending July.

According to the report, the rental growth rate slowed due to new housing supply and 'historically high levels of housing investment'.

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House rents up 0.7%, units greater: CoreLogic RP Data

Property investors are warned growth in rent could possibly slow more in the next few months given the activity in residential construction and high investment demand.

 

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House rents up 0.7%, units greater: CoreLogic RP Data

Michael Crawford

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.

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