Property investors are continuing to make gains in rental income, but the rate of growth is slowing, according to CoreLogic.
The national median rent increased by 0.1% in July, which was the smallest monthly rise since August 2020.
Rental growth is slowing for both the house and unit markets – off a high base – but the slowdown is particularly marked for units.
“The easing in rental growth aligns with the peak in net overseas migration in the first quarter of 2023. The large majority of overseas migrants, mostly students, arrive in Australia on temporary visas. Housing demand from overseas migration tends to favour inner-city unit rental markets,” CoreLogic research director Tim Lawless said.
#property #realestate #homeloans