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The New Daily
The New Daily
Matthew Elmas

Desperate measures as Australian suburbs suffer ‘astronomical’ rents

Young Aussies think home ownership Is unrealistic 10 News First – Disclaimer

Renters are becoming so desperate to secure housing they’re now offering more than advertised for leases, according to grim new figures.

Property analysis firm PropTrack has published the suburbs where rents have skyrocketed most over the past 12 months, revealing places where prices have risen by as much as 47 per cent in 2022-23.

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