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The Guardian - AU
The Guardian - AU
National
Caitlin Cassidy

Rental price growth slows from unprecedented highs as tenants hit ‘affordability ceiling’

Houses and apartment buildings are seen against the Brisbane CBD skyline
Australia’s national rents experienced the smallest monthly growth this year, up by just 0.6% in September after record rises 12 months ago. Photograph: Darren England/AAP

Twelve months ago, during the height of rental market demand, Carley Eder was issuing lease renewals with price increases of up to $80 a week. Now, her clients will be lucky to have tenants approve $25.

“The market has definitely shifted,” the Central Coast rentals principal said.

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