4 property market trends to expect in 2022
The impacts of COVID-19 are expected to continue to sway the property market in the year ahead, even as the country’s ...
According to a newly released report, all capital cities recorded slowing rental conditions over the June quarter except Adelaide and Darwin.
The largest decrease was seen in Hobart, where rents are down by 5.7 per cent.
Canberra was close behind with a 4.4 per cent decrease.
Melbourne by 1.1 per cent, while Sydney recorded flat rates.fell by 2.1 per cent, Brisbane by 1.3 per cent and
On the other hand, Adelaide house rents nudged upwards by 1.8 per cent while Darwin house rents climbed by 1.7 per cent.
In terms of other dwellings, the rental results were more favourable to landlords over the quarter, though growth was fairly subdued.
Only Adelaide recorded a drop for two-bedroom other dwellings, with rents down by 0.1 per cent.
Melbourne other dwelling rents remained flat over the quarter.
Brisbane, Hobart, Perth and Sydney recorded moderate increases of 0.1 per cent, 0.2 per cent, 0.3 per cent and 0.4 per cent respectively.
The strongest results were in Darwin and Canberra, where rents for other dwellings climbed by 0.6 per cent.
The full results are reproduced below: