Record rent rises may finally be easing
The national vacancy rate has inched higher and the pace of rent increases has eased, in a sign the rental affordability crisis may be easing just slightly.
Rents are still rising but there are tentative signs the record pace of growth may be easing. (Image source: Shutterstock.com)
As Australia’s rental market continues to tighten to record levels, the pace of rental growth has slowed for the second consecutive month, possibly due to a seasonal lift in rental stock combined with affordability constraints.
CoreLogic’s Quarterly Rental Review for Q4 2022 shows the Australian dwelling market saw a slowdown in the pace of rent value growth to 2.0 per cent in the December quarter. This was down from 2.3 per cent growth in the S…
