RENTAL HOUSING – AUSTRALIA

Capital-city rents hit a wall as apartment stock floods in

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Original article by Kylar Loussikian
The Australian – Page: 8 : 7-Nov-14

RP Data has issued its latest figures on residential rents in Australian state and territory capital cities, showing an increase of 1.8% for the 12 months to November 2014. The average per annum over the past half-decade by comparison is 3.8%, and the current CPI rate 2.5%. One factor is the ample supply of apartments, as new projects are completed. Perth has suffered a decline of 3.1%. Meanwhile rental yields have fallen to 3.3% in Melbourne and 3.7% in Sydney

CORPORATES
RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD

Sydney’s median rent for units hits $500

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Original article by Rebecca Thistleton
The Australian Financial Review – Page: 10 : 10-Jul-14

Australian Property Monitors has issued its latest data on residential real estate rents across state capital markets. In the three months to 30 June 2014, the rent for apartments in Sydney reached an all-time high of $A500. Standalone dwelling rents also went up in Melbourne and Sydney after a subdued period since mid-2012. However declines were recorded for Darwin and Canberra. Meanwhile gross rental yields are down across the board, with Perth showing the biggest falls at close to 9% for units and 5.8% for houses during 2013-14

CORPORATES
AUSTRALIAN PROPERTY MONITORS PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, AMP LIMITED – ASX AMP, DOMAIN.COM.AU