Business
Rents are still falling around Australia as borders remain shut, hammering demand and boosting supply – Business Insider Australia
The property market is continuing down the trough coronavirus has created, with renters getting sweet relief at the expense of landlords.
- Rents declined 0.7% across the country’s capital cities during the June quarter, according to the latest CoreLogic data.
- Hobart, Sydney and Melbourne were responsible for the largest falls, plunging 2.3%, 1.3% and 1% respectively.
- Softening rental markets have largely been driven by a halt in migration leading to falling demand and increasing supply of available rentals.
- Visit Business Insider Australia’s homepage for more stories.
The property market i…
Continue Reading
-
General21 hours agoFour escape injury after jumping from three-storey unit on fire in Newcastle
-
Noosa News21 hours agoGippsland vegetable farm accused of underpaying migrant workers
-
General13 hours agoMan refused bail charged with depicting Adolf Hitler and Nazi symbols on boat
-
Noosa News22 hours agoThe Best Things to Do in Brisbane This New Year’s Eve