๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น ๐๐ถ๐๐ ๐จ๐ป๐ถ๐ ๐ฅ๐ฒ๐ป๐๐ ๐๐๐บ๐ฝ ๐ฎ๐ฒ.๐ญ%
Unit rents have exploded, and are growing more than twice as fast as house rents across the combined capital cities.
Between the June 2022 and June 2023 quarters, the median unit rent increased 26.1%, according to Domain. That compares to 11.5% for houses.
Unit rents in Sydney, Melbourne, Brisbane, Adelaide and Perth are now at record highs.
"Rental demand has spiralled from a quicker-than-expected return of international students, temporary visa holders and overseas migrants," according to Domain, particularly since new arrivals tend to rent rather than buy.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
