According to The Australian Financial Review, asking rents jumped by as much as 21 per cent in some capital cities over the past year and further sharp rises are likelyin coming months as the number of available rental homes falls to critical levels, data from SQM Research shows.
Across the combined capitals, asking rents for houses climbed nearly 15 per cent during the year, while unit rents rose 11 per cent.
Brisbane posted a 21.2 per cent rise in house rents – the highest increase of any capital city – followed by Sydney with 19.1 per cent.
Subscribe to our English Newsletter
© Japan Australia Business Creators Pty Ltd | All Rights Reserved. Website designed and developed by Japan Australia Business Creators Pty Ltd.