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1.Market Observations, 8.Was Sticky

6 Oct 2016 (AFR) – Property investors should not expect rental growth

(6 October 2016, AFR, p11, by Su-Lin Tan)

‘Rental growth in major capital cities has plummeted and experts are predicting falls in many areas within two years. The Reserve Bank of Australia also warned on Tuesday – when the cash rates was also held steady at 1.5 per cent – that “growth in rents is the slowest for some decades”.  The rental growth for Sydney has been hovering around the 2 per cent mark since 2013, while mining centre Perth has had falling rents, UNSW Centre for Applied Economic Research said. ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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