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AAP
AAP
Politics
Poppy Johnston

National rents hit new record high of $630 a week

Nicola Powell
An acute shortage of available properties continues to push rents higher. (Russell Freeman/AAP PHOTOS)

The pain keeps piling on for Australia's long-suffering renters.

Asking rents rose their fastest in 17 years in the first quarter as the typically busy start-of-year changeover collided with an already tight market.

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