Why rents and vacancy rates are both falling
Nila SweeneyReporter
Australia’s residential rental boom is over, with the pace of rental growth stalling for both houses and units in what data provider Domain said was the weakest September quarter in more than four years.
Asking rents even fell in cities such as Brisbane and Canberra, reflecting the slowdown hitting the market rental despite the national vacancy rate falling to just 0.9 per cent.
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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au
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