demand

Rents in Australian cities rising as demand outstrips supply

by Ray Clancy on August 26, 2011

in Property in Australia

Rental costs increasing Down Under

People moving to work and live in Australia face paying more for rental properties as demand is high, particularly in inner city suburbs, according to real estate groups.

Low vacancy rates, improving employment, the end of the first homebuyers’ grant and last year’s string of rate increases have contributing to the rises in rents. [click to continue…]

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