Prime city residential rental growth eases
Key findings:
Average annual rental growth across the 15 cities track stood at 3.7% in the 12 months to March 2024, down from 5.3% growth seen in the final quarter of 2023
The last time rents were rising this slowly was back in Q2 2021
80% of the markets tracked are seeing rental growth
0.7% the average quarterly growth in prime rents in the three months to March
Sydney is the city with the strongest rental growth in Q1 2024
26% growth in global prime rents from Q1 2021 to Q1 2024
