Business
Property price growth outstrips rents, especially for inner-city apartments, data shows – Domain News
Buyers are willing to pay more for CBD apartments even as the rents they could receive are falling, with a top economist warning if international students aren’t…
Property price growth is outstripping rent growth in Australias largest cities as the housing market booms, with the gap most pronounced in the weakened inner-city apartment markets.
And if international students are unable to return to Australia soon after more than a year of closed borders to slow the spread of coronavirus, CBD unit values could take a hit, a top economist warns.
Sydney house prices soared a stunning 8.5 per cent in the March quarter, while house rents stayed flat over the same…
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