The Rise of Australia's Rental Market: What Buyers Need to Know Friday, 23 February 2024
As the Australian property landscape continues to evolve, so does the rental market, with CoreLogic's latest data revealing significant shifts in median rent values nationwide. According to their recent report, the national median rent has surged to $601 per week, marking a series high and reflecting a remarkable increase from $437 per week just over a year ago. This translates to a median annual rent of $31,252, a figure that underscores the growing challenges of rental affordability for prospective tenants