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Low demand for renting expected to keep prices down – NEWS.com.au
Low demand for renting expected to keep prices down
Inner-city rental prices are tipped to fall as ongoing travel restrictions stopping overseas students, workers and tourists from coming to Australia fuel a slump in demand for housing. An insight report from the Reserve Bank of Australia is forecasting rental price growth will remain weak through 2021, with tenants in Melbourne and Sydney likely to see the largest price falls.
According to the central bank, inner-city rental prices in Melbourne fell 13 per cent in the June quarter, while rents…
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