Article 6R601 Australia’s steepest and longest rental surge in history may be nearing end, figures show

Australia’s steepest and longest rental surge in history may be nearing end, figures show

by
Cait Kelly Inequality reporter
from World news | The Guardian on (#6R601)

Annual growth is at multi-year lows in Sydney, Melbourne, Brisbane, Perth and Adelaide, suggesting the stretch of rent rises may have peaked, Domain says

Annual rent increases for houses have hit multi-year lows in Sydney, Melbourne, Brisbane, Perth and Adelaide, suggesting a relentless stretch of rising rents may have peaked, a new report has found.

Renters are still feeling the pinch from record high prices but the data in Domain's Rent Report revealed the lowest September quarter growth rate since 2019 for houses and 2020 for units.

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