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Rents in Sydney's exclusive beach-side suburb of Tamarama tumbled 40% in the year to April, according to CoreLogic's Property Pulse.
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Falling rents are sending yields to record lows, says CoreLogic.
Lower volumes and tighter mortgage requirements are likely to constrain price growth this year, says CoreLogic.
Good news for tenants, as new data shows annual rents across Australia declined for the first time in more than 20 years.
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