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

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

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Concerns Victoria's raised minimum rental standards will further squeeze rental marketA property lecturer says while the changes could lead to a more equitable quality of life, they also may lead to investors choosing to swap from long-term leases to short-term accommodation.
Source: abcnews - 🏆 5. / 83 Read more »