Capital City Unit Rents Fall While Houses Rise

According to CoreLogic, there has been a substantial divergence between house rents and unit rents through the COVID period to-date. Between the end of March 2020 and October 2020, capital city unit rents are down a cumulative 4.8%, while houses have recorded a 0.4% rise in rents. This divergence has continued through October with the monthly data showing a 0.7%...