Business
Where Aussie rent is growing 3x faster than capital cities – Yahoo Finance Australia
A number of factors are pushing up demand in property and rental markets in these locations.
Rents in regional areas have grown at a pace three times faster than rent in capital cities, recent data has revealed.
Not only have regional house price growth more than doubled capital city prices in the year to April 2021, but regional rents rose at 9.6 per cent compared to capital city rents at 3.3 per cent during this period, CoreLogics latest Quarterly Regional Report found.
Rolling annual growth in hedonic rental index. (Source: CoreLogic)
This can partly be explained by the new popularity…
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