Record run of rent rises finally over

Record run of rent rises finally over

Canberra house and unit rents increased for the first time in a year, with houses going at $680 a week. By Duncan Murray in Sydney The average asking price for renting a house in Australia’s capital cities has remained steady after almost three years of consecutive growth. The cost of renting a house or unit in Melbourne, or a unit in Sydney, has also stabilised after significant periods of growth. However, Canberra house and unit rents increase…

Record Australian rent price streak finally over

The average asking price for rentals has steadied across the combined Australian capitals, ending a record stretch of 10 consecutive quarterly increases. The cost of renting a house or unit in Melbourne, or a unit in Sydney, has also stabilised after significant periods of growth. December quarter data released on Thursday by property website Domain showed Sydney remained the most expensive place to rent a house, with an average weekly asking pr…

Record Australian rent price streak finally over

The average asking price for renting a house in Australia's capital cities has remained steady after almost three years of consecutive growth.