Australia's housing rental value reached a record high in April, rising 8.5% year-on-year to A$627 per week.
Australia's housing rental value reached a record high in April, with median dwelling rent at A$627 ($413) per week nationwide, up 8.5% year-on-year. Sydney, Canberra, and Perth had the highest rental rates among capital cities, and the annual growth rate was strongest in Perth. This development is concerning for the Reserve Bank of Australia (RBA), which may increase borrowing costs to tackle price pressures.
May 05, 2024
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