This is old news, but I had not picked up on it until yesterday. Darwin and Perth are going through a bout of rental house price deflation. That is bad for landlords and property investors. It is good for tenants.
This chart supports my contention that economic performance - post mining boom - was a key factor in understanding the changes in government at the recent WA and NT state elections.
More generally, we can see rental price growth across the nation is at a long term low.
Rental price inflation is back below the overall CPI inflation rate.
Finally, one for the nerds: these charts were produced under Windows 10 using python, pandas and matplotlib. The code I developed on the iMac has transferred without much pain! Nonetheless, I am still getting used to the new environment.