Rents increased by 1.4 per cent nationally and 2.7 per cent in the capital cities over the past 12 months although house rents in Sydney, Melbourne and Darwin were flat, a report by property data collection agency RP Data found. At the same time, consumer prices rose at a faster pace in March 2011. According …
Sydney rental crisis is good news for property investors
The Sydney rental crisis has hit new heights with the number of people looking for properties with rents higher than $400 a week doubling in the past four years, according to an article published by the Sunday Telegraph. This is a bad news for renters while it is a good news for property investors as …
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