Spring is in the air, yet September’s asking rents have done anything but ‘spring’. Rental rate retraction was prevalent across all markets, suggesting that we may experience a sluggish start to the leasing season.
Melbourne continues to benefit from previous high growth periods as asking rents continue to exceed rents from the previous 12-months. Similarly, Perth maintained a performance buffer over the previous year, and generally continues to perform over historical periods. The Sydney rate ceiling remains persistent, and asking rents continue to decline from periods prior.
Our full September 2024 report can be downloaded from the link below:
We maintain an active analysis of the market and continue to expand the capture of our data across Australia. As we prepare to deploy StorExplore to the public, we are excited to announce that we will be providing access to users in the coming weeks and an email invitation will be sent accordingly.
Want to receive monthly updates for Market Rate Flash? Subscribe at the form below!