Weekly asking rents fell further in August as a result of increased supply and slower population growth, pulling the yearly rate of growth to a 20-year low. Rents were unchanged in Sydney but fell in every other capital city, pulling the aggregate monthly pace of decline to 0.4 per cent from 0.3 per cent in July, the latest CoreLogic RP Data figures show.
The year-on-year growth in asking rents fell to 0.7 per cent from 0.9 per cent in July, the lowest since records started in December 1995, the data provider said. "The reasons behind this lacklustre result for the rental market can be attributed to the extent of the current construction boom across the capital cities and slowing population growth," CoreLogic RP Data research analyst Cameron Kusher said. "Added to this is the surge in investor participation in the housing market, which is contributing to weaker rental growth by adding to the rental stock."
Bubble dynamics in full play.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Weekly asking rents fell further in August as a result of increased supply and slower population growth, pulling the yearly rate of growth to a 20-year low. Rents were unchanged in Sydney but fell in every other capital city, pulling the aggregate monthly pace of decline to 0.4 per cent from 0.3 per cent in July, the latest CoreLogic RP Data figures show.
The year-on-year growth in asking rents fell to 0.7 per cent from 0.9 per cent in July, the lowest since records started in December 1995, the data provider said. "The reasons behind this lacklustre result for the rental market can be attributed to the extent of the current construction boom across the capital cities and slowing population growth," CoreLogic RP Data research analyst Cameron Kusher said. "Added to this is the surge in investor participation in the housing market, which is contributing to weaker rental growth by adding to the rental stock."
Bubble dynamics in full play.
nothing to see here. Move along.
My only hope for my three boys is that they turn out nothing at all like Chris.
What have monthy mortgages got to do with falling rents dullard? Do you think every landlord in Australia carries as much debt as you? Do you think none own outright?
Keep putting lipstick on that pig. It keeps the lipstick company afloat.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
What have monthy mortgages got to do with falling rents dullard? Do you think every landlord in Australia carries as much debt as you? Do you think none own outright?
Keep putting lipstick on that pig. It keeps the lipstick company afloat.
So then why do falling rents matter to property investors?
Collecting desperation. Ex-Bp Golly April 2 2015. "I see with a slight overshoot -70% [fall in Sydney house prices] as being well within possibility"
They don't shadow, unless you want to return on your investment
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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