The unprecedented flooding situation in Queensland and New South Wales could exacerbate the rental market across the country, which has reached its tightest point in 16 years and create more pressure on inflation. Australia’s national rental vacancy rates fell to a new 16-year low to 1.2 percent in February, down from 1.3 percent in January,…
Rental Crisis Emerges in Australia: Research Group
The unprecedented flooding situation in Queensland and New South Wales could exacerbate the rental market across the country, which has reached its tightest point in 16 years and create more pressure on inflation. Australia’s national rental vacancy rates fell to a new 16-year low to 1.2 percent in February, down from 1.3 percent in January,…
Difference Between House and Unit Prices at All-Time High in Australia
The gap between Australia’s house and unit prices has reached record high in January of 28.3 percent after houses grew almost twice as fast in value over the same period. CoreLogic’s latest monthly market update revealed that units recorded a growth rate of 14.3 percent in the 12 months to January while houses grew 24.8…
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