Record rental surge hits Australian capitals
Australian rental prices have reached record highs, with house rents increasing by an average of $20 per week across all capital cities during the June quarter. Sydney leads as the most expensive market at $850 per week, followed by Darwin which has overtaken Perth, while Brisbane reached $700 per week. Low vacancy rates are driving the price surge, creating a landlord's market for tenants.See omnystudio.com/listener for privacy information.
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