Rent growth stalls across major cities as tenants finally catch a break
Rents across Australia have finally stabilised after years of relentless increases, offering tenants a rare reprieve and property investors food for thought.
Continued strength in rental demand has pushed the national vacancy rate to a new record low of 1.47 per cent. (Image source: Irene Miller/Shutterstock.com)
Renters around Australia are breathing an overdue sigh of relief.
Five capital cities around the country recorded the same zero per cent change in median asking rents for houses over the past three months.
Nationally, there was no change in either unit or house rents over the past quarter after several years that had crunched renters.
Combined capital city house rents have remained flat for five consecutive quarters, the longest period of stab…
