New analysis has revealed that rental prices in more than 90 per cent of the nation’s markets experienced an increase in the past year.
revealed that almost two-thirds of unit suburbs recorded an annual hike of 10 per cent or higher.
Rental prices in Perth are now 13.4 per cent higher than at the same time last year, and 41.8 per cent higher since the beginning of the coronavirus pandemic. Only three markets in Sydney, two markets in Melbourne, and one market in Hobart saw unit rentals fall.CoreLogic said that rental growth across all of the capital city housing markets was “more diverse” with 147 out of the 1,686 suburbs analysed recording a decline in rent.
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