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Melbourne set to become the cheapest city in which to rent a home – Domain News
The coronavirus pandemic and closures to international borders have wreaked havoc, with rents in one region of the city plunging 22.4 per cent over the past year….
Melbourne is on track to become the cheapest capital city in Australia in which to rent a property this year after its apartment rental market recorded the steepest annual fall on record, new data shows.
Melbournes median house rent of $430 per week, down 2.3 per cent from a year ago, is now equal to Perth and only five dollars a week ahead of Adelaide, Domains Rent Report for the March quarter, released on Thursday, revealed.
Unit rents plunged by a massive 12.8 per cent over the year to March…
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