Australia’s rental market starting to cool

News.com.au - 08/01
Australia’s housing crisis is showing its first signs of easing as the pace of rent growth drops to the slowest point since 2021, new research shows.

Australia’s housing crisis is showing its first signs of easing as the pace of rent growth drops to the slowest point since 2021, new research shows.

Fresh figures released by PropTrack on Thursday show the national median weekly advertised rents increased by 1.6 per cent over the December 2024 quarter, to a new high of $620.

However, while renters are still spending more each week, advertised rents have stopped increasing at the pace they were in the post-Covid boom.

PropTrack senior economist Paul Ryan said progr...
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