Rent

City Rents To Soar Due To House Shortages

16 August 2011

Housing shortages could lead to rent increases of up to 7% in some capital cities over the next two to three years. BIS Shrapnel reckons that annual rent increases of between 5-7% will be common in Sydney, Melbourne and Perth over the coming years; Adelaide, Melbourne and Hobart will also see regular increases of 5-7%. [...]

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Rents Are Up … If You Can Find A Place

16 August 2011

Real Estate Institute quarterly figures show the rental vacancy rate in Sydney was 1.2 per cent in May. In Newcastle it was 1.6 per cent and in Wollongong, 1.1 per cent. “Compared to 12 months ago, the all-dwellings median rent increased in the Sydney statistical division by $20, in the inner ring by $30 and [...]

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Rents Rise Across Cities

15 August 2011

Weekly asking rents for houses nationally have increased 3.4 per cent, and 4.1 per cent for units, over the 12 months to September 2009. Click here to read full article     Related Taxonomy -Real estate news -Apartments

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Rents To Increase As Interest Rates Rise, RBA Warns

15 August 2011

Rental prices are set to increase over the next year as the construction downturn and population growth continues, the Reserve Bank of Australia has warned. Analysts say that while rental prices have cooled over the past few months, vacancy rates are starting to fall and more renters will be pushed further into the outer suburbs [...]

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Rents Up Faster Than House Prices

15 August 2011

Rental growth has overtaken house price growth. In the year to March, rents rose an average of 7.6 per cent in NSW and 6.5 per cent in Victoria, according to management firm Run Property, which looks after 18,000 properties on Australia’s east coast. There was growth beyond 10 per cent in Sydney suburbs such as [...]

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