Australian capital city rents have biggest monthly fall in over four years but crisis ‘far from over’

Sydney house rents still nation's highest but an expected rise in vacancy rates this winter could provide some relief to tenants, expert says

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Average asking rents in Australia's capital cities fell 0.5% in May, the largest percentage monthly decline in more than four years.

New data released by SQM property research shows the fall in average capital city rents - to $723 in May - was the largest monthly percentage decline on that measure since April 2020.

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