Australia’s housing rental growth is slowing down from record highs in 2022, reducing the pressure on struggling renters. However, housing experts warn that the future outlook of the rental market is uncertain. According to the real estate data provider CoreLogic, the Australian rental market entered the highest upswing period in the company’s 18-year record during…
Australian Rents Grew at Fastest Quarterly Pace, Expected to Climb Further
Rents in Australia rose at the fastest quarterly pace over the three months to September and are set to continue climbing, according to the latest PropTrack Market Insight Report. Median weekly rent prices rose 4.3 percent over the September quarter, following a 2.2 percent rise in the previous quarter. Advertised rental rates also grew 10.3…
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