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The Guardian - AU

National

Caitlin Cassidy

Australian tenants spending $2,700 extra on rent on average over past year amid record low supply

Kaytlin Ezzy Australia CoreLogic Sydney Melbourne

apartment building — Rents have increased by 2.5% nationally in the latest quarter, CoreLogic’s latest review has found, equating to tenants spending an extra $52 a week on rent. Photograph: Diego Fedele/AAP

Australian tenants have on average forked out an additional $2,727 to pay rent in the past year as stubbornly high prices and record low supply continue to bite.

Rents increased by 2.5% nationally in the latest quarter, CoreLogic’s latest review has found, amounting to approximately 10% in the past year.

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