The median weekly rent for dwellings in Australia’s capital cities rose by 3.2% to $640 in the three months ending June, following a 4.2% increase in the March quarter.
Latest market insight from PropTrack showed even stronger rental growth in regional areas, which posted a 3.9% increase in the same period, pushing the median weekly rent to $540.
Rents are now 10.3% higher than a year ago in capital cities and 8% higher in regional areas. Units have seen greater rent increases than houses, both quarterly and annually, narrowing the rental price gap between the two. In capital cities, houses now have only a $30 premium over units.
You may read the whole article here:
https://bit.ly/3Wb4t6v
