The average weekly rent for a house in the Victorian capital is $400,with landlords asking $600 for properties in the inner city Melbourne’s average weekly house rents own reached a record high, jumping from $390 to $400 a week in the December quarter, and an increase of 5.3% over the past year. But its unit rents remained stable at $370 over the December quarter,the latest report from genuine estate marketing company Domain also found. Related: Rent rises hit record low, offering reprieve for capital city residents Related: Rental crisis: it's now impossible for most destitute families to find a home Related: Apartment building spree: will it lead to a glut, and transform the way we live? Continue reading...
Source: theguardian.com