Australia’s capital cities record largest ever annual rent increases as housing crisis worsens

1 year ago 35

Over 40% of suburbs recorded rental increases of 10% or more in the past year, according to CoreLogic

Australian capital cities have once again recorded their strongest ever annual rent increases, amid a rapidly worsening housing crisis.

Rent has also exponentially increased across the country, with over 40% of suburbs recording rental increases of 10% or more in the past year.