Rent prices outpace home values for second year running

CORELOGIC PROPERTY MARKET INDICATOR FOR 2023

RENTAL PRICES:

National – up 8.3 per cent

Sydney – up 10.2 per cent

Melbourne – up 11.1 per cent

Brisbane – up 8.2 per cent

Perth – up 13.4 per cent

Adelaide – up 7.7 per cent

Hobart – down 3.5 per cent

Darwin – up 3.0 per cent

Canberra – down 1.9 per cent

Combined capitals – up 9.8 per cent

Combined regional – up 4.3 per cent

HOME VALUES:

National – up 8.1 per cent

Sydney – up 11.1 per cent

Melbourne – up 3.5 per cent

Brisbane – up 13.1 per cent

Perth – up 15.2 per cent

Adelaide – up 8.8 per cent

Hobart – down 0.8 per cent

Darwin – down 0.1 per cent

Canberra – up 0.5 per cent

Combined capitals – up 9.3 per cent

Combined regional – up 4.4 per cent

 

Jacob Shteyman
(Australian Associated Press)

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