Rentals: Prices coming off the boil?
Recent interest rate cuts could see a reprieve for some of Australia's 1.9 million renters as property owners keep their rental fees on hold.
There is speculation that rents in some states may be stabilising however with demand for rental properties remaining high and vacancy rates as tight as ever, prices could rise again in the future.
Here is a snapshot of median weekly rents and vacancy rates from the Real Estate Institute of Australia/Mortgage Choice RealEstate MarketFacts Report for the June quarter 2008:
| Capital city | Three bedroom house ? quarterly median $/week | Quarterly % change | Two bedroom Other dwellings (units, apartments) | Quarterly % change |
| Sydney | 330 | 3.1 | 380 | 5.6 |
| Melbourne | Not supplied | Not supplied | Not supplied | Not supplied |
| Brisbane | 325 | 1.6 | 320 | 6.7 |
| Adelaide | 270 | 0 | 230 | 4.5 |
| Perth | 350 | 4.5 | 320 | 3.2 |
| Hobart | 290 | -1.7 | 250 | 2.0 |
| Darwin | 510 | 4.1 | 380 | 1.3 |
| Canberra | 380 | -1.3 | 380 | 1.3 |
Vacancy rates
| Sydney | 1.1 |
| Melbourne | 1.0 |
| Brisbane | 2.2 |
| Hobart | 2.4 |
| Darwin | 0.3 |
| Canberra | 2.0 |
Comment By Anthony Hans at 11/11/2008
The NSW state government needs to fast track the delivery of recent legislative changes to allow more "complying development" across the state. That will cut costs and speed up local authority approvals.
The NSW state government needs to fast track the delivery of recent legislative changes to allow more "complying development" across the state. That will cut costs and speed up local authority approvals.
Your Comment
Blog Search
Subscribe to this blog!
Visit our offical website!
Advertise today on RentHire.com!
Add your business today
Search Rent Categories
Search Hire Items
Search Hire Company
Add your Trades & Services Business
Need to find Rent or Hire things?
let us know here
Recent Posts
What's On? Update Diary Dates
TOP TIPS FOR BUSINESS SUCCESS
FEELING SNOWED UNDER? GET AWAY
RENTHIRE.COM EXPENDS SEARCH FACILITY
FLAT SHARING IN AUSTRALIA ON RENTHIRE.COM
A RETURN TO GOOD YIELDS?
What's On
Web Latest News
Internet advertising growing in leaps and bounds
Intrigued about Twitter?
Rent Hire Photos
RentHire.com on Youtube!
RentHire.com Archive Blog!
RentHire.com - Australia's No 1 Rent Hire Website. This email was authorised by the Marketing Manager, On Behalf of RentHire.com. The email is sent by RentHire.com 1300796005 to $emailaddress