Australia’s Median rent notches record high of $627/Week as rent Hikes Accelerate

Australia’s median rent notches record high of $627/week as rent hikes accelerate

Australia’s median rent has hit a record high of $627 per week, having increased by 8.5 per cent on April 2023. CoreLogic’s Eliza Owen says rent hikes are most pronounced in regional and suburban areas.
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Credit to : ABC News (Australia)