CoreLogic的Q1租赁评论揭示了租赁条件的多样性
CoreLogic

27 Apr 2021
CoreLogic在2021年3月季度的《租金评论》中显示，全国租金上涨了3.2％，但是这种增长的驱动因素是多种多样的，该地区（达尔文和珀斯）共同推动了这一增长。

在整个地区市场中，今年第一季度租金上涨了4.1％，而首都地区的租金上涨了2.9％。郊区单位房的季度租金增长率最高，为4.8％，而首府城市单位房的季度增长率为2.0％。在截至3月的三个月中，首府城市独立房屋租金上涨了3.3％，而郊区独立房屋上涨了4.0％。

本季度，达尔文的独立房屋和单元房租金增长率最高，分别增长了8.2％和7.0％。

CoreLogic研究总监Tim Lawless说：“虽然房屋租金以自2007年以来最快的速度增长，但却掩盖了全国各地租赁条件的多样性。一方面，我们有珀斯（Perth）和达尔文（Darwin），它们的年租金增长率都达到了两位数，并且还在加速增长。另一端是墨尔本和悉尼，它们的租金在一年中下降。

“澳大利亚两个最大城市的租金逐年下降，这归因于单元房租金的下降。在这里，封闭的国际边界对已经受到高供应挑战的市场造成了需求冲击。墨尔本的单位房租金在过去一年中下降了-8.2％，而悉尼的单位房租金下降了-4.9％。

“在墨尔本的一些内城区，在过去的12个月中，单位房租金下降了-20％以上。这些内城区高密度区域的租金条件能否得到实质性改善，很大程度上取决于国际学生和访客的租赁需求回报，而国际学生和访客以前是租赁需求的重要组成部分。

“尽管租金普遍在上涨，但独立房屋价值却以更快的速度上涨，这使大多数省会城市的租金收益率受到压缩。珀斯（Perth）和达尔文（Darwin）除外，它们的租金上涨速度快于住房价值，从而推动了收益率的上升。相反，在悉尼和墨尔本，租金收益率正创下历史新低。

Lawless先生说：“在悉尼和墨尔本以外，抵押贷款利率如此之低，收益率通常足够高，足以从一开始就为投资者提供积极的现金流机会。”

主要亮点– 3月季度

全国租金率在2021年第一季度增长了3.2％；自2007年5月以来，全国租金指数的季度增幅最大。
3月季度首府城市的综合房屋租金上涨了2.9％，而同期区域性租金上涨了4.1％。
郊区和首府城市市场的单位租金均上涨，郊区单位房的季度租金增幅最高，为4.8％，而首府城市单位房的季度增幅为2.0％。
截至2021年3月的三个月中，首府城市房屋租金上涨了3.3％，而郊区房屋的租金季度均上涨了4.0％。
本季度，达尔文的独立房屋和单元房租金增长率最高，分别增长了8.2％和7.0％。
堪培拉不仅是整个首都城市最昂贵的房屋租赁市场，还是本季度最昂贵的首都城市单位租赁市场，价格为$ 513p / w。
在截至2021年3月的三个月中，墨尔本的租金涨幅最弱，房屋租金上涨1.6％，而单元房租金在本季度保持不变。
全国总租金收益率录得3.55％，低于12月季度的3.71％和去年同期的3.76％，原因是住宅价值超过租金增长。
达尔文是收益最高的首府城市，本月上升21个基点，至6.21％。悉尼仍然是最低的收益率，为2.74％。
CoreLogic’s Q1 Rental Review reveals diversity of rental conditions
CoreLogic

27 Apr 2021
CoreLogic’s Rental Review for the March 2021 quarter revealed a surge in national rental rates of 3.2% however the drivers of this growth are diverse, with the regions, Darwin and Perth collectively driving much of the increase.

Across the combined regional markets, rents rose 4.1% in the first quarter of the year while rents in the combined capitals increased 2.9%. Regional units recorded the highest quarterly rental growth of 4.8% compared to the 2.0% rise in capital city units. Capital city house rents were up 3.3% while regional houses rose by a higher 4.0% in the three months to March.

Houses and units in Darwin showed the strongest growth in rental rates over the quarter, up 8.2% and 7.0% respectively.

CoreLogic’s Research Director Tim Lawless, says “While housing rents are rising at the fastest pace since 2007, the headline reading hides the sheer diversity of rental conditions around the country. At one end of the spectrum we have Perth and Darwin where annual rental growth is well into double digits and accelerating. At the other end is Melbourne and Sydney where rents are down over the year.

“The annual decline in rents across Australia’s two largest cities is attributable to falling rents in the unit sector, where closed international borders have created a demand shock in a market that was already challenged by high supply. Melbourne unit rents have fallen by -8.2% over the year and Sydney unit rents are -4.9% lower.

“Some inner city precincts of Melbourne have seen unit rents fall by more than -20% over the past 12 months. Prospects for a material improvement in rental conditions across these inner city high density precincts are largely dependent on a return of tenancy demand from international students and visitors, who were previously a key component of rental demand.

“Although rents are generally rising, housing values have been rising at a faster rate which has seen rental yields compress across most of the capital cities.  The exceptions are Perth and Darwin where rents have risen at a faster pace than housing values, driving a rise in yields.  The opposite is true in Sydney and Melbourne where rental yields are plumbing new record lows.

“Outside of Sydney and Melbourne, with mortgage rates so low, yields are generally high enough to provide investors with positive cash flow opportunities from the outset,” says Mr Lawless.

Key highlights – March Quarter

National rental rates rose by 3.2% over the first quarter of 2021; the largest quarterly increase in the national rental index since May 2007.Combined capital city dwelling rents rose 2.9% in the March quarter, while regional rents increased 4.1% over the same period.Unit rents rose across both regional and capital city markets, with regional units recording the highest quarterly rental growth of 4.8% compared to the 2.0% rise in capital city units.Capital city house rents were up by 3.3% over the three months to March 2021 and rents across regional houses rose by a higher 4.0% quarterly.Houses and units in Darwin show the strongest growth in rental rates over the quarter, up 8.2% and 7.0% respectively.Canberra was not only the most expensive market to rent a house across the capital cities, but also the most expensive capital city unit rental market in the quarter at $513p/w.Melbourne recorded the weakest growth in rents over the three months to March 2021, with house rents up 1.6%, while unit rents were unchanged over the quarter.National gross rental yields were recorded at 3.55%, down from 3.71% over the December quarter and 3.76% a year earlier as dwelling values outperform rental growth.Darwin was the highest yielding capital city, up 21 basis points over the month to 6.21%. Sydney remains the lowest yielding at 2.74%.