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PropTrack says renters had slightly more choice last month. Follow today’s news live
Australian renters looking to move house had slightly more choice in April but, with competition for vacant homes still fierce, prices will probably continue to rise, Australian Associated Press reports.
Vacancy rates have been holding at low levels in most parts of the country, leaving more renters scrambling to secure the few available properties and pushing market rents higher.
With vacant properties scarce, homes that do come up for rent are continuing to see high levels of competition, which is driving rent prices higher.
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