‘Their minds were blown’: Melbourne suburbs where rents rose most
Key points
- Melbourne's weekly median asking rent for houses and units stayed at a record $600 in the September quarter, Domain's Rent Report shows. Growth was sharpest in prestige suburbs with limited rental supply.
- Middle Park's median house rent rose almost 40 per cent over the past year, while Eltham led unit rent growth at 15 per cent to $575 a week. Domain economist Dr Nicola Powell said the overall median may signal an affordability ceiling, making rent hikes harder for landlords to push through.
- Anika Legal said it is seeing more renters forced to move after rent increases.
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Disclaimer
This is an AI-generated summary based on reporting by Brisbane Times. It may not reflect every detail of the original story exactly. Tap “Continue reading” above for the full, original article.
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