Daft.ie’s Post

After a 0.7% increase in rents nationally in June, there was a 0.4% increase in rents in July but according to WeCheck rents are 3% lower than in July 2023.

After years of consecutive rises in average rents, latest Rental Trends Tracker reveals the first quarterly drop in asking rents since before the pandemic. The average rent outside of London is now £1,341 per month, marking a small decrease of 0.2% compared to the previous quarter. Read the full article here ➡ https://lnkd.in/e-tYTgDC

Across the 54 markets covered in each Daft.ie Rental Report, market rents were almost 5% higher on average in the first quarter of 2024 than a year previously. This marks the slowest pace of increase since the first quarter of 2021 and compares to a high of 14% seen in mid-2022. The slowdown in annual inflation is driven by Dublin, where rents increased by 2.5% in the year to April, compared to an average of 7.2% seen elsewhere in the country. Inflation in open-market rents has cooled elsewhere,too, though, in particular in Munster, where it fell from over 10% in late 2023 to less than 6% in Q1. For more visit 👉 www.daft.ie/report

~National rents rise in March Quarter 2024~ National rents rose by 2.8 per cent in the March quarter, according to CoreLogic’s latest Rental Market Report. It’s the strongest rise we’ve seen since the June quarter of 2022, proving yet again that the Australian property market is an excellent vehicle for wealth. Units have continued to outperform houses, up 15.9 per cent since March 2019. Over the same period, house rents have increased by 13.7 per cent. These figures are great news for anyone who owns a rental property and should give those who’ve been planning to purchase one the confidence they need to finally take that plunge. Here in Perth, a booming population and sluggish construction sector has seen the vacancy rate drop to a record low of 0.4 per cent in March, according to REIWA, which is likely to fuel further rent rises in the coming months. When rents are increasing, it’s tempting for landlords to sit back and relax, but it’s actually more important than ever to remain focused on engaging the right property management and securing a quality tenant. At CY, our priority is matching fantastic tenants with their ideal homes. This means they take great care of the property and are eager to stay on long-term, saving the landlord the expense of re-advertising and the stress of not knowing who will be living in their property. The result is happy tenants, a happy landlord, and a well-managed asset that aligns with your financial goals. For an obligation-free chat about how we can help you make the most of your investment property get in touch with us today.  

At first glance, rents appear to be booming, given that many markets have experienced strong rental increases over the past year, as the graphs show. However, more recent data suggests the tide appears to be turning. August was the second straight month in which the national median rent was unchanged, according to CoreLogic. So rents didn't fall, but nor did they rise. “While monthly results are subject to seasonality, the annual growth trend also shows a consistent slowdown in rent rises. Nationally, rent values were up 7.2% in the year to August, which is the lowest annual growth rate since May 2021. Annual rent growth is now slowing in every capital city market, except for Hobart, which is coming off a dip in rent values through 2023.” CoreLogic said the rental slowdown appeared to be the result of: * Lower demand – net overseas migration has decreased * Higher supply – average household size has increased, thereby freeing up rental space

Rental conditions are easing and prices are flatlining in most cities, which is positive news for renters following several years of strong growth. In some regions, weekly advertised rents are even starting to decline, offering further relief for renters in those areas. PropTrack Economic Analyst Megan Lieu shares the regions where advertised rents have declined over the quarter. https://lnkd.in/gz3zqx2w

National rents increased by 0.4% in the December 2024 quarter, marking the smallest fourth quarter rise since 2018, CoreLogic’s latest Quarterly Rental Review has revealed. https://hubs.la/Q032MBKZ0 #RentalMarket #HousingAffordability #PropertyInvestors #MortgageBrokers

Rent growth has started to ease after growing by 39% in the past four years.

What can we expect this 2025? Here’s a sneak peek at what’s to come in the rental market, including predictions from experts and the latest trends. 👇 📌 Demand Cooling Off Enquiries per rental property dropped from 19 to 11, still higher than pre-pandemic levels (6 in 2019). 📌 Rental Supply Improving Supply of rental homes up 7% compared to last year. A calmer market may be ahead in 2025. 📌 Rents Still Rising, But Slower Outside London: Average rent at £1,339, up 4.5% from last year. London: Rents up 2%. Predicted 3% rise in 2025 for both areas. 📌 Affordability Pressure Remains Rents have outpaced wage growth (40% vs. 28% in the last 5 years). 26% of rental properties have reduced asking rents, up from 23% last year. With slower rent increases and more price reductions, relief is on the horizon for renters—but it’ll still be competitive. Position yourself well to land your ideal home! What’s your take? Will the rental market slow down in 2025 or continue its climb? #propertydevelopmentjourney #propertyinvestmentjourney #propertydevelopment #propertydeveloper #propertydevelopers #propertydevelopmentuk #propertydeveloperuk #propertydeveloping #propertydeveloperlife #propertyinvestors #propertyinvestor #propertyinvesting #propertyinvestment #propertyinvestmentsuk #propertyinvestorsuk #propertyinvestments #refurbishment #projectsourcing #dealsourcinguk #dealsourcing #construction #constructionuk #lettings #lettingsagent #lettingsandpropertymanagement #landsourcing #mentorshipprogram #propertymanagement #abacuspropertygroup

🎄🏘️🎄 Our latest Hometrack (part of Houseful) Rental Market Report is out today. The story this quarter: Rental inflation is at its lowest rate for 3 years, with rents just 3.9% higher compared to the same time last year. We have therefore come a long way from the double digit annual rental increases we have experienced in recent years. This is because of changing supply/demand dynamics, with rental demand at -29% below the same time last year while rental stock is up +12%. More stock for fewer renters means less upward pressure on prices. But while the supply/demand imbalance is narrowing, it still persists, and will remain an ongoing characteristic of the rental market over 2025. Indeed, demand for renting remains up +31% compared to pre-pandemic levels. We expect average UK rents to increase by 4% in 2025. But the capacity for further rental inflation will depend on affordability levels in specific places. Renters have already reached affordability ceilings in areas where rents are high, limiting the potential for further increases. Indeed, in London annual rental inflation has slowed to 1.3%. Meanwhile, more affordable areas should expect to see greater rises. Rents in Northern Ireland and the North East, for example, are up 10.5% and 8.7% compared to last year respectively, and will continue to be some of the regions with highest increases going forward. You can read the full report here: https://lnkd.in/e6YqSi_k Richard Donnell | Theo Brewer