Original article by Rebecca Thistleton
The Australian Financial Review – Page: 10 : 10-Jul-14
Australian Property Monitors has issued its latest data on residential real estate rents across state capital markets. In the three months to 30 June 2014, the rent for apartments in Sydney reached an all-time high of $A500. Standalone dwelling rents also went up in Melbourne and Sydney after a subdued period since mid-2012. However declines were recorded for Darwin and Canberra. Meanwhile gross rental yields are down across the board, with Perth showing the biggest falls at close to 9% for units and 5.8% for houses during 2013-14
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AUSTRALIAN PROPERTY MONITORS PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, AMP LIMITED – ASX AMP, DOMAIN.COM.AU
That is mad! How do they expect things to remain affordable for people around here if housing is going to be so unaffordable!