Business
Regional residential property rents surge, up almost threefold on capital city market rises – NEWS.com.au
Regional residential property rents surge, up almost threefold on capital city market rises
The cost of renting property in Australias regions jumped by almost three times as much as the capital city markets over the past year, with renewed domestic tourism potentially a factor in pushing up prices, new data shows. CoreLogic’s latest report revealed rent estimates for all regional properties surged by 9.6 per cent in the 12 months to April compared with 3.3 per cent in capital cities.
The group’s Eliza Owen described the price growth as remarkable and the tightening of regional rental…
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