Tenants rejoice: Rents growing at slowest pace since 1995
You would not know it from the headlines yesterday, but now is the best time to be a tenant since Wonderwall by Oasis topped the JJJ Hottest 100 two decades ago.
While the news leads screamed, 'Biggest jump in Sydney rents in five years' and 'Rents rise in most Australian cities as investors flood into the housing market', the true picture is very different.
The monthly CoreLogic RP Data rental report to June 30, released today, paints a more realistic picture of the rental market.
That picture is increasingly rosy if you are a tenant, and should be concerning if you are a landlord, especially one who has purchased recently by taking out a large loan.