Regional house rental performance weak: CoreLogic RP Data
Regional rental performance on the whole is weak, according to CoreLogic RP Data, however there were some positive signs.
CoreLogic RP Data's Quarterly Regional Market Rental Review to September found the strongest performance by far was across regional Tasmania, where rents rose by 2% for houses.
The greatest fall in rental rates in comparison to last year was in the Northern Territory, with a decrease in house rents of 6.0%.
Over the September quarter rents for detached housing had no increase over the quarter, with rent falling in Western Australia (-2.6%), Northern Territory (-2.1%) and Victoria (-1.7%).
Highest rental growth region for houses was in northern New South Wales, with an increase of 3.3% over the quarter to $310/week.