The Age
·general
·2 hours ago
‘Quite painful’: Melbourne unit rents at record, pricier than houses
Melbourne unit rents reached a record median of $600 per week in the March quarter, surpassing house rents for the first time. Domain's chief economist warned that rising demand from increased migration and returning university students is outpacing supply, creating a challenging market for tenants. Melbourne remains more affordable compared to other major Australian cities, potentially attracting more residents.
Summary by Glance · The Age
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