Rent Prices Surge to 17-Year High at $600/Week Amid Record Migration πŸ“ˆ

National median rent hits $600 weekly, marking the steepest quarterly increase in 17 years due to soaring migration and housing demand. Find out what's driving the rental market now.

Rent Prices Surge to 17-Year High at $600/Week Amid Record Migration πŸ“ˆ
ABC NEWS (Australia)
808 views β€’ Apr 11, 2024
Rent Prices Surge to 17-Year High at $600/Week Amid Record Migration πŸ“ˆ

About this video

Rents are soaring with the steepest quarterly gain recorded in 17 years, amid record migration. New data from Domain and PropTrack shows rents for houses and apartments continued to climb in the first few months of this year, while vacancy rates remain at record lows.

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Views

808

Duration

1:22

Published

Apr 11, 2024

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