Renters paying above advertised price for new leases, ABS data shows

Figures point to a trend in landlords leaping on lapsed leases as an opportunity to earn more from their properties

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Renters entering into new tenancy agreements are on average having to offer rents above the advertised listing price to secure a home, data from the Australian Bureau of Statistics shows.

Actual rents paid by new tenants increased by 14% in the 12 months to February, which is 9% higher than the rise in the inflation index that captures rents paid by both new and existing tenants, pointing to a trend in landlords leaping on lapsed leases as an opportunity to earn more from their properties.

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