As home prices surge, rental prices follow… Across the country, the biggest jump in 12 years has seen the national median rental price of houses and units rise to $476/week in June – a 6.6% increase over the year. That’s a leap not seen since January 2009, according to CoreLogic’s latest data. Canberra is the most expensive city for renters at $620 a week, and Melbourne was the only capital to record a decline, dropping 1.4% to $444 thanks to last year’s lockdown. And if you thought it was tough in the city, regional rent jumped up by a record 11.3% over the past year to $441 per week thanks to COVID tree/sea-changers. Wait until they get the wave of folks inspired by Clarkson’s Farm…
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