A slowdown in rental growth across Australia’s major cities could indicate further interest rate cuts from the Reserve Bank and a better financial year for tenants, analysts say.
Capital city rental prices have slowed or stalled in the last quarter, with both house and unit median prices recording no change when totals are combined, according to Domain’s June quarter rent report.
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Lucy Slade covers real estate for The Australian Financial Review, based in the Sydney newsroom. She was previously the breaking news reporter. Email Lucy at lslade@afr.com