Rent growth slowing in capital cities

Rent growth slowing in capital cities 

Capital city weekly rental rates stalled in the June quarter, posting no growth in the latest sign of a cooling property market.

Median capital city rents were flat in the June quarter with only two capital cities showing increases in the quarter, in the latest sign of slowing activity in the real estate market.

In the year to June, capital city median rents - for houses and units - rose 2.7 per cent to $380 per week, according to RP Data. Sydney's house rents increased 2.2 per cent in the quarter to a median price of $460 a week for a house, while Perth's rose 2.6 per cent in the same time to $400 a week.

Rents for houses in all other cities were flat in the quarter, with exception of Hobart, where the median rent sank 2.9 per cent, RP Data said.