CoreLogic says units are now the only option for many tenants but supply is limited, forcing up rents
Get our morning and afternoon news emails, free app or daily news podcast
Renting a house in Australia costs just $39 more a week than renting a unit, compared to a difference of $64 a year ago, new research shows.
Kaytlin Ezzy, an economist at property data firm CoreLogic, said Australians have been increasingly turning to units amid sky-rocketing rents. This has caused the rental price gap between houses and units to shrink as demand for units outstrips supply.
About Author
More Stories
DJ Alfredo, icon of Ibiza’s dance music scene, dies aged 71
Baby mammoth in Russia is the ‘best-preserved’ ever found
Extreme heat and bushfire risk across Australia’s south-east on Christmas and Boxing days as Grampians blaze rages