Rental growth in Australia- the performers and the laggards

Rental growth in Australia- the performers and the laggards

Medial Release - Rpdata.com Weekly Property Pulse
Released: Monday 6 September 2010

Across most of Australia, rental growth for houses has been sluggish over the past year but in stating this, there too have been some decent performers as RP Data research analyst Cameron Kusher points in the weekly Property Pulse out today.  

Here (see attached), Mr Kusher highlights the best and worst suburbs for rental rate gains over the year to June 2010 with Sydney leading the charge, having the greatest number of strongest performing suburbs; 28 or the 40 suburbs analysed for the analysis are located in Sydney.  In contrast, across the country the worst performer over the period was in the exclusive Perth suburb of Applecross.

In the rpdata.com June 2010 Quarterly Rental Review, Mr Kusher reported that around the country’s capital cities, combined rents across house and units markets increased by 2.9 per cent over the year.  By comparison, house rents at this time increased by a total of 40.0 per cent over the last five years and unit rents increased by 45.8 per cent.  Across the capital cities, Adelaide house rents increased by as much as 6.7 per cent over the last year and have been flat in Sydney, Melbourne and Perth.

Please download pdf file below for full results.

Mitch Koper
National Media & Communications Manager
T:            07 3114 9999
E:            mitch.koper@rpdata.com
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