The regional Victorian towns that boomed most in the past year
Key points
- Asking rents in Glenelg Shire rose 17.8 per cent in the year to September, the largest increase in Victoria, according to Domain data. Mount Alexander followed with a 15 per cent rise.
- Domain economist Nicola Powell said small rental markets with limited stock feel bigger effects from modest demand increases.
- A local real estate agent in Castlemaine said investors selling off has reduced available rentals and lowered rents by 6 to 7 per cent.
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Disclaimer
This is an AI-generated summary based on reporting by WAtoday. It may not reflect every detail of the original story exactly. Tap “Continue reading” above for the full, original article.
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