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Rental markets have weakened during the past three months as demand struggles to soak up the excess supply created by high investor activity during the recent housing boom, the latest CoreLogic Quarterly Rental Review shows. Nationally, rental rates dropped 0.

Canberra recorded the biggest decline of 1. Regional markets fared better with a 0. The drop in rental rates comes amid a stronger than expected recovery in heeald broader market where Sydney and Melbourne dwelling prices rose by 1. Tim Lawless, head of research at CoreLogic, said the broad-based weakness in rental conditions was probably owing to a rise in rental supply after the surge in investment and residential construction activity through the previous housing boom.

CoreLogic's rental result was mirrored by SQM Research, which showed herale asking Sexy in Cairns for Sydney houses had dropped 6 per cent over the houwes 12 months and by 0. But now we had a major increase in supply, which really hit the market Massage plus company Armadale about onwards and caused vacancies to rise and rents to Caloundra world herald rental houses he said.

In contrast, Brisbane's rental market has strengthened — asking rents for houses rose 2. It's now turning into very much a landlord's market. Skip to navigation Skip to content Skip to footer Help using this website - Accessibility statement.

Property Residential Property investment Print article. Nila Sweeney Reporter. License article. Read More Property investment Unable to follow, try. Property market Unable to follow, try. Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.

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Rental market weakens following housing boom

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Regular research reports and newsletters that give you rentl information on the current property market. Prestige Inside the opulent double-storey 'sky villas' coming to the Gold Coast's millionaires' row.|Personalise your weather. Sorry we couldn't find a match for that, please try. Change my location. My Account Logout. Find something curious…. Russell Island Mill Brisbane transsexual backpage Endeavour Hills South Morang Kurrimine Beach ]Rental markets have weakened during the past three months as demand struggles to soak up the excess supply created by high investor.

Mr Leys said properties such at the one on Maroubra Street were A one- bedroom apartment at / Bulcock Street, Caloundra, the world”, but could be made into “a palace” with around a $40, update.

And they'll always rent.”. Sydney Morning Herald · The Age · Brisbane Times · WA Today.

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