Tag: Rental Affordability
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Australian Rentals Surge: Prices Up Nearly 44% in Five Years as Listings Dry Up
Rising Rents and shrinking vacancies: the national picture Renters across Australia are feeling the pressure as core rental costs climb to new highs. Cotality’s Quarterly Rental Review shows that the median weekly rent in capital cities has surged by 44 per cent over five years, reaching more than $700 per week for the first time.…
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Australia’s Rent Reality: Prices Rise 44% in Five Years as Supply Stalls
Radical Rise in Rent Costs Across Australia Australian renters are feeling the squeeze as the latest Cotality review (formerly CoreLogic) reveals a near 44% surge in median rents over the past five years. The typical cap city now costs more than $700 per week, underscoring a housing market under pressure from limited listings and intense…