CoreLogic data shows signs of stabilising in inner city rental markets

One of the most prominent trends in Australian housing markets over the past 12 months has been the deterioration of rents in inner city apartment markets across Sydney and Melbourne. At the greater capital city level, rent values have fallen -4.9% across Sydney units since March last year, while Melbourne unit rents have fallen -8.2%. 

Much of the drag on unit rents in Sydney and Melbourne have come from inner city regions. CoreLogic estimates suggest the SA4 ‘City and Inner South’…