Australia’s renters are facing “staggering” increases in weekly costs, with worsening shortages of homes pushing up rents by a third or more in the past year in the most stretched markets.
Data from PropTrack found most of the biggest increases were in the regions, with Katanning, a town several hours’ drive south-east of Perth, registering the biggest annual increase in weekly house rents at 47% to a median price of $375.
