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Rents continue to increase in many parts of the country, thanks mainly to the strong growth in the unit market.
CoreLogicβs national rental index rose 0.5% in August, which was the 36th consecutive monthly increase. In annual terms, rents rose 9.0%, almost triple the decade average of 3.2%.
As the graphs show, annual unit rents outpaced annual house rents in every capital city β probably due to affordability.
As rents have kept rising, some tenants are likely to have shifted from the dearer house market to the cheaper unit market, leading to more demand for units.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donβt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weβll 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.
