Property investment: Rental increases are slowing, new Domain figures show

📆 7/3/2024 9:33 PM
📰 FinancialReview

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New figures show asking rents plateauing or even falling in some markets after several years of sustained increase.

Already a subscriber?Mark Matthews did not raise the rent on his three-bedroom investment property in April, but kept the Christies Beach rental house at $410 a week.

“We’re almost at the maximum,” he says. “When I look at the cost of rents and increases over the last couple of years, I don’t foresee that same pressure and increase in years.” Sydney house rents flatlined from March – for the first time in 1 ½ years – and Perth’s house rents were unchanged for the first time in almost three years. Hobart house rents declined over the quarter.Advertisement

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