RENT’s July report reveals that while prices remained stable across most Australian metro areas, Sydney and Adelaide saw apartment rents languish; prices in the New South Wales and South Australian capitals dropped 1.37 per cent and 3.45 per cent from June to July. House prices also stagnated in Brisbane, dropping 1.2 per cent to $410/week.
July’s results follow the recent release of RENT’s Quarter 2 report, which saw price shifts in four out of the eight state capitals across all property types. Considering dwelling type, it was good news for Northern Territory investors, who would have seen a decrease in time on market for both apartments (41 days down from 48) and houses (now 38 days from 42).
|Metro area||Apartments||% change||Houses||% change||Price per room||% change|
View original post 835 more words