Rental Growth Hits A Ceiling!

The REA Group just published PropTrack Rental Price Data to December Quarter 2024. They say that National median weekly advertised rents increased by 1.6% over the December 2024 quarter to a new high of $620. But note this the asking price of new rentals. And does not cover rental increases on existing property where the tenant has to pay more, or leave. In fact, after capital city asking rents soared by more than 40% since the pandemic, rental inflation is slowing. But why you might ask? Well, given that around 70% of those in the rental sector have cash-flow pressures […]