Historical Rental Growth Stats

Discussion in 'Financial Planning' started by Chotu, 28th Feb, 2020.

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  1. Chotu

    Chotu Well-Known Member

    Joined:
    23rd Dec, 2019
    Posts:
    48
    Location:
    Melbourne
    Hi

    Wondering if anyone has stats on historical rental growth over the last 20 years or so (in Melbourne ideally). Wanted to use it to do some modelling/forecasting on how much rental income one could potentially earn in 15-20 years.

    If there is some forecasting website already out there would be awesome.

    Understand no-one has a crystal ball but I'm just looking for past performance.

    Thanks
    Chotu
     
    Chotu, 28th Feb, 2020
    #1
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Location:
    Sydney
    Corelogic - But they most likely use the ABS census data across each 4 years and repackage it and revise based on a smaller ABS sample survey each qtr.

    Irs just an average. This data has a good summary on the webpage for cap cities. eg Melb + 2.1% over the year. Danger with using that qtr and year is ignores periods where rental dips. And an avg assumption for all property may behave different for apartmnets in oversupply. And underestimate house rent if under supply.,

    Rents Across Australia Rise Over The First Quarter Of 2019
     
    Paul@PAS, 28th Feb, 2020
    #2
  3. petewargent

    petewargent Buyer's Agent

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    Australia
    ABS 6401.0 has historic rental indices by capital city

    They're a bit broad brush, though

    upload_2020-2-28_14-34-50.png

    Depends what you're looking for and how detailed.

    Looking forward, i'd assume lower nominal growth than in the past, in part due to lower wages growth.
     
    petewargent, 28th Feb, 2020
    #3
  4. Beano

    Beano Well-Known Member

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    7th Apr, 2016
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    Brisbane
    How does the rent growth compare with property value growth ?
    Has rentals keep up with property prices ?
     
    Beano, 1st Mar, 2020
    #4
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