The Blog


Tenants hoping the property downturn would spur rents to drop across Melbourne have so far been left disappointed, with new data showing weekly asking prices for houses have continued to climb to record levels while unit rents have flattened.As the rental market enters its busiest fortnight of the year, the latest Domain Rental Report has found the citywide median weekly house rent increased 2.3 per cent over the December quarter to reach a record high of $440. Units remained stable over the quarter at $410 per week.

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