Residential rental levels in Australia's major cities are expected to see only tepid growth in 2016 after posting a record poor performance last year.

According to data from CoreLogic RP, residential rents grew by just 0.3 per cent in 2015, dragged down by sharp declines across a slew of capital cities. This incremental gain compares very poorly to December 2014, when nationwide rental growth was 1.8 per cent. With the Western Australian economy still ailing from…