April 2015 – (RP Data)

The property market has seen stronger rental growth over the past quarter however annual growth in the rental market remains low.

A strong property market does not always cross all sectors of the market. According to RP Data’s latest Quarterly Rental Review.

The report outlines issues such as an increase in new housing supply and record numbers of investors resulting in a ‘significant slowdown’ in rental growth and are predicting this trend to continue throughout the year.

Related: The Real World Of Renting

Key Findings:

• Advertised rents rose by 1.2 per cent for both houses and units, with house rents recorded at $435 and unit rents at $415 per week
• Nationally, advertised rents for both houses and units rising by 1.3 per cent over the three months to March 2015
• Typical house rent is up to $400 per week and $390 per week for units
• On an annual basis, when compared to March 2014, national house rents are 2.6 per cent higher at $400 per week
• Across the individual capital city detached housing markets, advertised rental rates have increased by as much as 6.1 per cent in the smaller Hobart market
• While Hobart recorded the strongest rental growth for houses, the Hobart unit rental market has seen rents remain steady and the same can be said for both Brisbane and Adelaide.

Download the full report here

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