Rents are rising across Australia and units are outpacing houses as the preferred rental property. In fact, rents in units in major cities like Sydney and Melbourne have jumped more than rents in houses. A recent newspaper article reported that rents in apartments in Southbank and Docklands in Melbourne have risen more than 29 per cent over the past 12 months.
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Will rents keep rising?
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Rents are rising across Australia and units are outpacing houses as the preferred rental property. In fact, rents in units in major cities like Sydney and Melbourne have jumped more than rents in houses. A recent newspaper article reported that rents in apartments in Southbank and Docklands in Melbourne have risen more than 29 per cent over the past 12 months.