CoreLogic Quarterly Rental Review

Transcription

1 CoreLogic Quarterly Rental Review December Quarter 2018 Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

2 Rental rates are increasing as yield flatten out On a national basis, weekly rents 2017 calendar year. Capital city rents are over the than it was over the previous 12 months Median weekly rents nationally are recorded at Across the capital cities, rents are Across the combined capital cities, house rents were recorded at and unit rents at while across the combined regional markets rents were for houses and for units. Over the past 12 months, rents have Rental growth remains but has Rental rates Rental rates have been increasing across Over the month, rental rates increased in Taking a look at the current median rents, Change in rents Yields Region Median rent Month Quarter 12 months Current 12 months

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4 All capital cities except for have seen a annual in rents over the past Over the final quarter of 2017, rents nationally which was over the previous since Combined capital city rents were over the quarter while combined regional markets recorded For the capital cities it was a from in the third quarter as well as being in the fourth quarter of Across the individual capital cities, rents Quarterly in rental rates X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. The quarterly in rents was than the previous quarter in,. Compared to the fourth quarter of 2016, the in rents over the December 2017 quarter was X. X. 12 month in rental rates X. X. Throughout the 2017 calendar year rental rates have across the nation with combined capital city rents and combined regional market rents The annual rate of rental growth he previous quarter but was over the 2016 calendar year. Across the combined capital cities, annual rental growth was compared with the previous quarter but than the previous year. In the combined regional markets, rental growth is from the previous quarter but much than over the previous year. Rental rates were in 2017 in X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X.. The annual in rents was over the quarter in but elsewhere. When compared to the same quarter last year, the annual in rents was. Overall the data indicates that although rental has over the past 12 months, the quarterly data is pointing to. The first quarter of each year typically shows, so it will be interesting to see compares to the first quarter of As this data has shown, the final quarter of 2017 was for rental growth compared to the previous year. 10 year in rental rates X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X.

5 After trending much over recent years, rental yields have Dwelling values while rental growth and Compared to yields at the end of the previous quarter, yields were As at the end of 2017, gross rental yields Across the combined capital cities gross rental yields are currently At the end of the previous quarter capital city yields were The low yield profile across Australia s two largest cities, which are also the cities that attract the largest investment demand, suggests that most recent investors, Yields have Across the capital cities, gross rental yields at the end of 2017 were recorded If rental Gross rental yields over time X. X. X. X. X. X. X. X. X. X. X. X. X. Combined capital cities Combined regional areas Combined capital cities Combined regional markets Gross rental yields, houses and units X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X.

6 Key rental and yield statistics Combined capitals Combined regionals All Dwellings Median rent Monthly X. X. X. X. X. X. X. X. X. X. X. Quarterly X. X. X. X. X. X. X. X. X. X. X. Year-to-Date Year-on-Year X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. Current yield X. X. X. X. X. X. X. X. X. X. X. Yield 12 mths ago X. X. X. X. X. X. X. X. X. X. X. Houses Median rent Monthly X. X. X. X. X. X. X. X. X. X. X. Quarterly X. X. X. X. X. X. X. X. X. X. X. Year-to-Date Year-on-Year Current yield SYD X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. Yield 12 mths ago X. X. X. X. X. X. X. X. X. X. X. Units Median rent Monthly X. X. X. X. X. X. X. X. X. X. X. Quarterly X. X. X. X. X. X. X. X. X. X. X. Year-to-Date Year-on-Year X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. X. Current yield X. X. X. X. X. X. X. X. X. X. X. Yield 12 mths ago X. X. X. X. X. X. X. X. X. X. X. About Us CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia s most comprehensive property databases, the company s combined data offering is derived from public, contributory and proprietary sources and includes over 500 million decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information. With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call or visit

7 CoreLogic December 2018 Rental Index Results Disclaimers SYD MELB BRIS ADE PER HOB DAR CAN Combined Capitals 2018 Copyright RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved. No reproduction, distribution or transmission of the copyrighted materials in this publication is permitted whether in whole or in part. The information provided in this publication is current as at the publication date only. This publication is supplied on the basis Australian Capital Territory Data that while CoreLogic believes all the information in it is deemed The Territory Data is the property of the Australian Capital reliable at the publication date, it does not warrant its accuracy Territory. No part of it may in any form or by any means or completeness and to the full extent allowed by law excludes (electronic, mechanical, microcopying, photocopying, recording liability in contract, tort or otherwise, for any loss or damage or otherwise) be reproduced, stored in Combined a retrieval system or SYD MELB BRIS ADE PER HOB DAR CAN transmitted without prior written permission. CapitalsEnquiries should sustained by yourself, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information. This publication provides general information only it is not intended as advice and should not be relied upon as such. The material has not been prepared by taking into account your investment objectives, financial situation or personal needs. You should make your own inquiries and if necessary take independent financial advice tailored to your specific circumstances before making any investment decisions. Queensland Data Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws. South Australian Data This information is based on data supplied by the South Australian Government and is published by permission. Copyright in that data belongs to the South Australian Government. The South Australian Government does not accept any responsibility for the accuracy or completeness of the published information or suitability for any purpose of the published information or the underlying data. in the information supplied. Western Australian Data Based on information provided by and with the permission of the Western Australian Land Information Authority (2017) trading as Landgate. be directed to: Director, Customer Services ACT Planning and Land Authority GPO Box 1908 ACT Tasmanian Data This product incorporates data that is copyright owned by the Crown in Right of Tasmania. The data has been used in the product with the permission of the Crown in Right of Tasmania. The Crown in Right of Tasmania and its employees and agents: a) give no warranty regarding the data's accuracy, completeness, currency or suitability for any particular purpose; and b) do not accept liability howsoever arising, including but not SYD MELB BRIS ADE PER limited to negligence for any loss resulting Combined from the use of or reliance HOB upon the DAR data. CAN Capitals Base data from the LIST State of Tasmania About Us CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia s most comprehensive property databases, the company s combined data offering is derived from public, contributory and proprietary sources and includes over 500 million decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information. New South Wales Data Contains property sales information provided under licence from the Land and Property Information ( LPI ). CoreLogic is authorised as a Property Sales Information provider by the LPI. Victorian Data The State of Victoria owns the copyright in the Property Sales Data which constitutes the basis of this report and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the information contained in this report and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call or visit Copyright 2019 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.