Richmond-Tweed regions see rental rates increase: CoreLogic

The Richmond-Tweed region has seen sales activity fall over the last couple of years, with dwelling sales down 14 per cent over the year to February 2019, according to the latest CoreLogic Regional Report.

The report reveals challenging property market performance across Australia’s regions, with falling sales activity in the twelve months to February 2019.

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Source: CoreLogic

Home values are lower year-on-year with house values down -1.3 per cent per cent over the year to March 2019, while unit values are -1.9 per cent lower over the same period.

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Source: CoreLogic

Looking at the Richmond-Tweed rental market, the advertised rental rate for houses and units increased by $20/week and $10/week respectively over the 12 months to March.

The average time it takes to sell a home across the region has increased by 7 days for houses and 2 days for units, while the average vendor discount has also increased for both houses and units when compared to February 2018.

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Source: CoreLogic

Click here to enlarge: 

Source: CoreLogic