Core Logic-RP Data has released its rental report for February, which revealed that annual rental growth remained at 0%, with RP Data warning that “rental rates could begin to fall on an annual basis due to additional new rental supply entering the market”. Rental yields are also at record lows:
Dwelling rental rates across the combined capital cities are recorded at $485 per week and they are unchanged over the past year. CoreLogic RP Data have been tracking annual rental changes since 1996 and over that time rental growth conditions have never been weaker…
