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Australia: Boom puts rocket under soaring rent prices

Posted on 22 June 2012

Rent prices have jumped by nearly 50 per cent across the country in the past five years, with Western Australia predictably leading the way amid questions about whether the latest census data accurately portrays the strength of flow-on demand from the mining boom.
According to the census information released yesterday, the median national household weekly rent jumped by 49 per cent from $191 to $285 between 2006 and 2011, as the number of dwellings grew by only 8 per cent………………………………………..Full Article: Source


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