Rental growth slowing, but still outpace inflation

[{"selector":"#anim-2a18fbb3-52e2-4bc4-96ac-539231da9002 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more SEPTEMBER may have marked the early stages of much anticipated change in the rental market, though even with slowing price growth and mounting supply renters are...

[{"selector":"#anim-a3b5d0d6-9397-4756-baa8-51b460f2895d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more According to the latest data from PropTrack, Australia’s national median rents were up by 7% annually, reaching $610 per week in September...

[{"selector":"#anim-d2318772-ff74-4a3e-a6e9-af3f6d87d621 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more This reflects are significant slowdown from the same time last year, when growth was at twice the rate at 14% and is also the slowest annual growth recorded since September 2021...

[{"selector":"#anim-d13ec8b5-1aee-4355-ad4e-45a6ce1e4fbd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Annual rental growth slowed in September, rising at half the rate compared to a year ago. However, at 7%, annual growth of advertised rents still outpaced inflation, making it difficult for...

[{"selector":"#anim-3fbedf0d-a610-4e36-a241-e24b0e23a6a3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more In response to higher rental costs, tenants may look to reduce the size of their rental, move to a less desirable location or share their rental property with others to reduce the cost...

[{"selector":"#anim-dffbaf31-2d0d-473e-bf02-9ac7c4f216a2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more While regional rents outpaced their metropolitan counterparts, with 1.9% growth over the quarter and 8% over the year to $540/week...

[{"selector":"#anim-459422e9-187e-45f3-be3c-4a0a472d091c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more The national rental vacancy rate was down to 1.3% in September, from 1.4% in June 2024, though still up on the 1.2% recorded a year back...

[{"selector":"#anim-36e4d4a2-4fd7-49d3-bd59-b442f1b89e1a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more The challenging rental conditions have also likely encouraged more renters with the means, to exit the rental market and purchase their own property. However, this is not possible for...

[{"selector":"#anim-232d4f01-e44a-4236-aa67-8d3c94d3aada [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more With the total number of properties listed up 10.2% on levels recorded this time last year, for the greatest annual increase since June 2014...

[{"selector":"#anim-da615e57-9728-42b6-84d0-0c9950485dcb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Annually, new and total listings were up 11.9% and 14.6% respectively in capital cities and down 0.4% and 1.2% in the regions...

[{"selector":"#anim-2df7cbf2-dfb0-4ed2-97dc-7286c68314e7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more At the same time, the average number of enquiries per listing was down 11.7% nationally to 22 enquiries over the year to September...

[{"selector":"#anim-b407d14a-7fc0-4f58-bf5e-798480bc1626 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more Also indicating slowing demand, the median days a rental remains listed has increased to 21 days from 19 days a year earlier...

[{"selector":"#anim-cf43b383-969e-4f26-bf14-09e80cdf505b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read more As rental growth has slowed and supply increased, the market appears to be beginning the transition from one that was strongly in favour of landlords towards more balanced conditions...

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Rental growth slowing, but still outpace inflation

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