Tenants won’t feel it in the hip pocket yet as Brissie rents dipped just 0.1 per cent in July, reports 9news.com.au.
That’s not a huge drop but for tenants it’s a welcome relief from a price rise. Rents across Australia have risen 39.7 per cent in the past five years which equates to a median weekly rental rise of $180.
The slowing rental growth means some of the craziness has come out of the rental market for tenants.
While landlords, who’ve weathered a record rise in interest rates, are still seeing solid returns.
Check out weekly rental movements across Australia’s capital cities for the month of July:
- Brisbane 0.1 per cent
- Sydney 0.1 per cent
- Hobart 0.3 per cent
- Darwin 0 per cent
- Canberra 0 per cent
- Melbourne 0.3 per cent
- Perth 0.3 per cent
- Adelaide 0.6 per cent
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