Rent price spiral shows some sign of slowing but apartments in hot demand, latest data shows
by Australian Associated Press from on (#67PEW)
December quarter rent growth slowed to 2% but Sydney and Melbourne may resist trend as normal migration patterns return
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Stretched renters could soon get relief as the pace of rental growth starts to slow, the latest data suggests. But rents in Sydney and Melbourne may resist the trend.
Renters endured the fastest growth on CoreLogic's records last year, with rock-bottom vacancy rates driving national rents up by 10.2%.
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