The rise and fall of inner city rental markets
By Research Director Tim Lawless
Australia’s capital city unit rents fell 5.7% between April and December 2020 and despite starting to rise through 2021, the rate of growth has been lower relative to houses.
However, we’re starting to see a reversal in that trend as rental listings fall below pre-COVID levels in some inner city areas and rents are once again on the rise as tenants take advantage of the renewed affordability of inner city renting.
Today Research Director Tim Lawless analyses:
- the rising demand for units
- the impact of tenants shifting to lower density housing options
- how heavily restricted overseas migration has impacted tenancy demand around key inner-city unit precincts
- the top 20 regions nationally to have recorded the largest fall in rents between March 2020 to October 2021