Rental supply is dwindling – CoreLogic Quarterly Rental Review

With the return of expats to Australia and an increased number of home buyers converting previous investment properties into homes, rental stock on the market has been dwindling. The stock shortage is creating fierce competition within the rental market. 

CoreLogic’s quarterly rental review revealed that regional cities have exhibited the highest rate of growth, with rent increases of 9.6% over the last year. While capital cities have exhibited increases of 3.3%. These rental increases are only going to continue in the short to mid-term and these numbers are being constrained by oversupplied, undesirable 1 bedroom apartments in high rise blocks, that overseas migrants and international students would regularly take up that are sitting idle. International borders opening up will cause another significant fillip to investment property owners in the coming year or two.

Read the CoreLogic report

Listen to Our Podcast

The Property Planner, Buyer and Professor

74+ 5tar Reviews, Over 100,000+ Downloads

Join Our Newsletter

Subscribe to “The Property Planner, Buyer and Professor” Newsletter

8 + 13 =

Email us your questions or any topics you would like to be covered off on in future episodes:
Follow the podcast on social media