If you’re currently on the hunt for a place to rent, you better saddle up. Not only is it damn hard to find a place, but a new report has shown that a bunch of suburbs have had rental increases of almost 50%.
According to new data from PropTrack, as reported by 9News, nine out of the top 10 suburbs that were hit with these ridiculous increases for housing were in regional Australia, so there’s literally… Nowhere to go. Yikes.
For the increase in rental housing, Western Australia’s Katanning was number one. The suburb saw a 47% increase to $375 per week.
Katanning, WA, was followed by Port Broughton, South Australia, which was hit with an increase of 43% to $340 per week.
Here’s the top 10 suburbs hit with the strongest rent increases for houses:
Katanning, WA – 47%
Port Broughton, SA – 43%
Gatting, QLD – 41%
Elliot Heads, QLD – 41%
Orbost, VIC – 40%
Stanwell Park, NSW – 39%
Catherine Hill Bay, NSW – 38%
Wamuran, QLD – 35%
Rochester, VIC – 35%
Wongan Hills, WA – 35%
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