Data shows rental tenants have hit breaking point
Key points
- Australia's rental market is slowing despite record-high rents, with capital city house rents unchanged at $700 a week over the September quarter. Unit rents rose by 1.5 per cent, but experts say tenants are reaching their financial limit.
- Rents fell in Sydney and Canberra, while Darwin and Hobart saw increases.
- Renters are compromising on location or living arrangements to cope with high costs.
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Disclaimer
This is an AI-generated summary based on reporting by ABC News Politics. It may not reflect every detail of the original story exactly. Tap “Continue reading” above for the full, original article.
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