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Regional rents spike as lockdown punishes metropolitan Melbourne – Domain News

Asking rents have spiked in much of regional Victoria, following general market trends of worsening conditions in Melbourne and the opposite nearly everywhere e…

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Asking rents have spiked in much of regional Victoria, following general market trends of worsening conditions in Melbourne and the opposite nearly everywhere else.
The Domain Rent Report shows median asking rent for houses in Melbourne was $440 and $400 for units, up 2.3 per cent and down 4.8 per cent year-on-year, respectively.
In the Glenelg council area at the South Australian border, asking rents for houses were at $350 for the September quarter which is up 16.7 per cent over the same per…

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