SMH
·general
·2 hours ago
‘Quite painful’: Melbourne unit rents at record, pricier than houses
Melbourne unit rents reached a record high of $600 per week in the March quarter, outpacing typical house rents. This is the first instance recorded where units cost more than houses, which rose to $590. Increased demand from overseas migration and returning university students has intensified pressure on rental prices amidst limited supply.
Summary by Glance · SMH
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI