Rents rise at fastest rate in 14 years, but investors still face challenges
Rents rose at their fastest rate in more than a decade in the first three months of this year, with the rate of growth in capital city markets starting to catch up to regional areas.
Rents are on an upward trajectory in most locations in Australia, but are moving faster in some cities than others. Photo: Shutterstock (Image source: Shutterstock.com)
Rents rose at their fastest rate in more than a decade in the first three months of this year, with the rate of growth in capital city markets starting to catch up to regional areas.
However, the data indicated significant challenges remain for residential investors in Sydney and Melbourne, with the rate of rental growth not yet surpassing the rise in home values, putting a squeeze on rental yields.
CoreLogic’s latest quarterly rental review sh…
