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๐—ช๐—ต๐˜† ๐—ฅ๐—ฒ๐—ป๐˜๐˜€ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ฆ๐˜‚๐—ฟ๐—ด๐—ฒ๐—ฑ

Australia's median rent has increased by $8,528 per year or a total of 37.5% since the current growth cycle started in August 2020, according to CoreLogic.

CoreLogic's head of research, Eliza Owen, said there were three main short-term factors behind this extraordinary surge:

* There was a notable decline in the average household size from late 2020, meaning more rental properties were needed to house the same pool of tenants.

* Australia's population has rapidly increased since late 2022, meaning the pool of tenants has actually grown.

* Investor activity declined between May 2022 and February 2023, reducing the supply of rental properties on the market.

Subiaco finance brokers are here to help

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

The team at Sonam Capital are here to empower you through financial knowledge. Weโ€™ll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.

Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.

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