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Rents remain unchanged for second straight month. At first glance, rents appear to be booming, given that many markets have experienced strong rental increases over the past year, as the graphs show. However, more recent data suggests the tide appears to be turning. August was the second straight month in which the national median rent was unchanged, according to CoreLogic. So rents didn't fall, but nor did they rise. “While monthly results are subject to seasonality, the annual growth trend also shows a consistent slowdown in rent rises. Nationally, rent values were up 7.2% in the year to August, which is the lowest annual growth rate since May 2021. Annual rent growth is now slowing in every capital city market, except for Hobart, which is coming off a dip in rent values through 2023.” CoreLogic said the rental slowdown appeared to be the result of: * Lower demand – net overseas migration has decreased * Higher supply – average household size has increased, thereby freeing up rental space #property #realestate #homeloans

Rents remain unchanged for second straight month At first glance, rents appear to be booming, given that many markets have experienced strong rental increases over the past year, as the graphs show. However, more recent data suggests the tide appears to be turning. August was the second straight month in which the national median rent was unchanged, according to CoreLogic. So rents didn't fall, but nor did they rise. “While monthly results are subject to seasonality, the annual growth trend also shows a consistent slowdown in rent rises. Nationally, rent values were up 7.2% in the year to August, which is the lowest annual growth rate since May 2021. Annual rent growth is now slowing in every capital city market, except for Hobart, which is coming off a dip in rent values through 2023.” CoreLogic said the rental slowdown appeared to be the result of: * Lower demand – net overseas migration has decreased * Higher supply – average household size has increased, thereby freeing up rental space #property #realestate #homeloans

Rents remain unchanged for the second straight month At first glance, rents appear to be booming, given that many markets have experienced strong rental increases over the past year, as the graphs show. However, more recent data suggests the tide appears to be turning. August was the second straight month in which the national median rent was unchanged, according to CoreLogic. So rents didn't fall, but nor did they rise. “While monthly results are subject to seasonality, the annual growth trend also shows a consistent slowdown in rent rises. Nationally, rent values were up 7.2% in the year to August, which is the lowest annual growth rate since May 2021. Annual rent growth is now slowing in every capital city market, except for Hobart, which is coming off a dip in rent values through 2023.” CoreLogic said the rental slowdown appeared to be the result of: * Lower demand – net overseas migration has decreased * Higher supply – average household size has increased, thereby freeing up rental space #property #realestate #homeloans

Rents remain unchanged for second straight month At first glance, rents appear to be booming, given that many markets have experienced strong rental increases over the past year, as the graphs show. However, more recent data suggests the tide appears to be turning. August was the second straight month in which the national median rent was unchanged, according to CoreLogic. So rents didn't fall, but nor did they rise. “While monthly results are subject to seasonality, the annual growth trend also shows a consistent slowdown in rent rises. Nationally, rent values were up 7.2% in the year to August, which is the lowest annual growth rate since May 2021. Annual rent growth is now slowing in every capital city market, except for Hobart, which is coming off a dip in rent values through 2023.” CoreLogic said the rental slowdown appeared to be the result of: * Lower demand – net overseas migration has decreased * Higher supply – average household size has increased, thereby freeing up rental space #property #realestate #homeloans 

Rents remain unchanged for second straight month At first glance, rents appear to be booming, given that many markets have experienced strong rental increases over the past year, as the graphs show. However, more recent data suggests the tide appears to be turning. August was the second straight month in which the national median rent was unchanged, according to CoreLogic. So rents didn't fall, but nor did they rise. “While monthly results are subject to seasonality, the annual growth trend also shows a consistent slowdown in rent rises. Nationally, rent values were up 7.2% in the year to August, which is the lowest annual growth rate since May 2021. Annual rent growth is now slowing in every capital city market, except for Hobart, which is coming off a dip in rent values through 2023.” CoreLogic said the rental slowdown appeared to be the result of: * Lower demand – net overseas migration has decreased * Higher supply – average household size has increased, thereby freeing up rental space #property #realestate #homeloans

At first glance, rents appear to be booming, given that many markets have experienced strong rental increases over the past year, as the graphs show. However, more recent data suggests the tide appears to be turning. August was the second straight month in which the national median rent was unchanged, according to CoreLogic. So rents didn't fall, but nor did they rise. “While monthly results are subject to seasonality, the annual growth trend also shows a consistent slowdown in rent rises. Nationally, rent values were up 7.2% in the year to August, which is the lowest annual growth rate since May 2021. Annual rent growth is now slowing in every capital city market, except for Hobart, which is coming off a dip in rent values through 2023.” CoreLogic said the rental slowdown appeared to be the result of: * Lower demand – net overseas migration has decreased * Higher supply – average household size has increased, thereby freeing up rental space 𝐁𝐨𝐨𝐤 𝐚 𝐪𝐮𝐢𝐜𝐤 𝐜𝐡𝐚𝐭: https://lnkd.in/gC4vBaAr Visit lydian.com.au to learn more about our financial services. #property #realestate #homeloans

Rents remain unchanged for second straight month At first glance, rents appear to be booming, given that many markets have experienced strong rental increases over the past year, as the graphs show. However, more recent data suggests the tide appears to be turning. August was the second straight month in which the national median rent was unchanged, according to CoreLogic. So rents didn't fall, but nor did they rise. “While monthly results are subject to seasonality, the annual growth trend also shows a consistent slowdown in rent rises. Nationally, rent values were up 7.2% in the year to August, which is the lowest annual growth rate since May 2021. Annual rent growth is now slowing in every capital city market, except for Hobart, which is coming off a dip in rent values through 2023.” CoreLogic said the rental slowdown appeared to be the result of: * Lower demand – net overseas migration has decreased * Higher supply – average household size has increased, thereby freeing up rental space #property #realestate #homeloans #therentalspecialists

Rents remain unchanged for second straight month At first glance, rents appear to be booming, given that many markets have experienced strong rental increases over the past year, as the graphs show. However, more recent data suggests the tide appears to be turning. August was the second straight month in which the national median rent was unchanged, according to CoreLogic. So rents didn't fall, but nor did they rise. “While monthly results are subject to seasonality, the annual growth trend also shows a consistent slowdown in rent rises. Nationally, rent values were up 7.2% in the year to August, which is the lowest annual growth rate since May 2021. Annual rent growth is now slowing in every capital city market, except for Hobart, which is coming off a dip in rent values through 2023.” CoreLogic said the rental slowdown appeared to be the result of: * Lower demand – net overseas migration has decreased * Higher supply – average household size has increased, thereby freeing up rental space #property #realestate #homeloans #therentalspecialists

Rents remain unchanged for the second straight month At first glance, 🙌 rents appear to be booming, given that many markets have experienced strong rental increases over the past year, as the graphs show. 📊 However, more recent data suggests the tide appears to be turning. 📈 August was the second straight month in which the national median rent was unchanged, according to CoreLogic. 🏠 So rents didn’t fall, but nor did they rise. “While monthly results are subject to seasonality, the annual growth trend also shows a consistent slowdown in rent rises. 💰 Nationally, rent values were up 7.2% in the year to August, which is the lowest annual growth rate since May 2021. 🌟📈 Annual rent growth is now slowing in every capital city market, except for Hobart, which is coming off a dip in rent values through 2023.” 🏡 CoreLogic said the rental slowdown appeared to be the result of: * Lower demand – net overseas migration has decreased * Higher supply – average household size has increased, thereby freeing up rental space🏡📊 For Inquiries Contact: Ozair Turabi📲 +61 410 321 786 #ozairturabi #ljhooker #realestateaustralia #investments #realestatebusiness #LocalRealEstate #realestatememes #realestateagent #realestatetips #nsw #realestate #realestateagent #dreamhome #realestatelife #realtorsofinstagram

Rents hold steady for second straight month 📉 While rents surged earlier this year, more recent data suggests a shift. According to CoreLogic, August marked the second consecutive month where the national median rent remained unchanged. Annual rent growth has slowed to 7.2%, the lowest since May 2021. Interestingly, Hobart is the only capital city bucking the trend, still experiencing rent increases despite a national slowdown. This cooling trend is driven by lower demand (thanks to reduced net migration) and increased supply (as larger household sizes free up rental space). #property #realestate #rentalmarket #housingtrends