Multiracial Young Friends Standing Against City Buildings Min

๐—ฅ๐—ฒ๐—ป๐˜๐˜€ ๐—œ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ถ๐—ป๐—ด ๐—ฎ๐˜ ๐—ฎ๐—ป ๐—œ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ถ๐—ป๐—ด ๐—ฅ๐—ฎ๐˜๐—ฒ

Australia's median rent rose by another 0.9% in February, which was the highest monthly gain since March 2023, according to CoreLogic.

That meant national rents rose by 8.5% over the year to February, compared to a recent low of 8.1% in October.

As the graphs show, unit rents are rising faster than house rents in all but three capital cities. That said, unit rental growth is actually decelerating, while house rental growth is accelerating.

โ€œAnnual rental growth in houses has been trending higher since October last year, while the trend in unit rents is moving in the opposite direction, easing from a recent peak in April last year, when unit rents were up 14.0%. Since then annual growth in unit rents has reduced to 9.6%,โ€ CoreLogic said.

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Interest rate rises are here, but you donโ€™t have to fear with the right broker on your side.

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