On June 11 2015 CoreLogic released its RP Data monthly rental review for May 2015. It confirmed that in May 2015, rental rates rose at their slowest pace on record. The May data showed that capital city rents rose on an average of 0.1% in the month and only 1.5% over the year. Investors are not interested in rental returns but are simply targeting capital growth. Record low interest rates are enabling tenants to enter the property market, a long with the completion of new residential developments are contributing to the softening in the rental yields.
Article Link: May 2015 Rental Growth Slow