Melbourne unit rents fall to three-year low as house rents get more expensive: Domain Rent Report – Domain News

Apartment rents across Melbourne have fallen dramatically for the second time in six months, suffering the steepest falls of any capital city, new data shows.
The Domain Rent Report, released on Thursday, revealed apartment rents across the city are at their lowest median asking price in three years having slipped by a further $15 a week to a median of $400.
It now costs the same amount to rent a unit in Melbourne as it does in Hobart.
Its a change that has happened swiftly and dramatically …

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