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Rental price growth slows from unprecedented highs as tenants hit ‘affordability ceiling’

Press coverage 3 November 2022 Summary of published coverage
Rental price growth slows from unprecedented highs as tenants hit ‘affordability ceiling’

Rental growth eased from record highs, with CoreLogic recording a monthly rise of just 0.6 per cent in September against annual growth of 10 per cent, while vacancy rates tightened further to 1.1 per cent. Researchers and tenant advocates said many renters had reached the limit of what they could pay rather than the market turning in their favour. PIPA warned that sharp rate rises would further discourage investors from buying rental properties.

Reported by

Caitlin Cassidy, The Guardian, 3 November 2022

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PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.

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