31/01/2024
A typical renter in a capital city is paying $150 more in rent each week compared to two years ago, a new report has found, as strong demand for a record low number of rentals pushes up rents across Australia.
The median weekly rent across Australia’s capitals jumped to $600 in December 2023.
The number of available rental properties sank to a record low in December, with total rental listings down 4.7% over the year and 30.2% below the 10-year average for December.
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Janine Bennett
0402 665 484