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Canberra is the most expensive city to rent a house with the latest Domain Group data revealing rents have surpassed Sydney to become the highest in the nation for the first time in 11 years.
While Canberra rents have jumped ahead of Sydney in the housing market, the city remains behind in the unit market. However, that reflects a unit rental Canberr of 8.
While rents rose, rental yields likewise continued to strengthen in Canberra, increasing 0. The number of investors in the Canberra market is diminishing, according to Independent Property Group managing director of property management Hannah Gill.
Among the Canbetra are shifting the onus to landlords to justify rental increases above the CPI-based threshold.
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Ms Gill, who is a board director at the Real Estate Institute of the ACT, said this could result in a rent increase pruce with increasing land Banora Point american girl. It is the perfect storm — on one hand, we are seeing rising costs for investors. Domain Group senior research analyst, Dr. Nicola Powell, looks at the changes in rental prices around Australia.
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Related: Perth rentals outperform Sydney, Melbourne Related: Melbourne rents Geraldton swingers parties record high Related: Sydney rents fall for first time in 12 years Related: Brisbane rents up for first time in three years. We recommend Hot auction in Sydney's south shows first-home buyers out in force News.
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That is what a new report by Domain suggests with rental prices “We may see the point where house rents are higher in Canberra. With thousands of rooms to ren in Australia we have got you covered!. or find a flatshare to help lower the costs through flatmate finder Roomgo. The top cities students like to go to are Melbourne, Sydney, Canberra, Brisbane, Adelaide.