Brisbane Times
·general
·4 hours ago
‘Quite painful’: Melbourne unit rents at record, pricier than houses
Melbourne’s median unit rent surged to a record $600 per week in the March quarter, surpassing house rents for the first time, according to Domain's Rental Report. This increase of $25 weekly reflects heightened demand driven by stronger overseas migration and returning university students. Tenants face challenges as rental supply struggles to meet this rapid demand.
Summary by Glance · Brisbane Times
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