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Capital City Rental Markets Tighten, Easing Seen In Regions

AUSTRALIA DATA

PropTack data is showing that the rental market is its tightest since 2003. There is increased demand for rentals in cities after the unusual shift to the regions during Covid with the number of enquiries per rental listing in the capitals rising 31.3% y/y compared with a 30% contraction in the regions. Capital city rental listings in December fell 26.3% y/y while rents rose 10% y/y. Regional rents rose 7.1% y/y and listings rose 9.8% y/y. (The Australian)

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