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Australia: Unit rental prices soaring, nearing house prices

Posted on 14 October 2011

Even with a subdued quarter for rental prices, annual growth figures show rental prices for units are approaching that for houses in most capital cities, according to a new report released on Thursday.
The Australian Property Monitors Rental Price Series Quarterly Report revealed national median asking rents for houses fell by 0.2 per cent while unit rental prices rose by 1.1 per cent in the quarter……………………………………….Full Article: Source


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