The latest property data from research firm CoreLogic reveals Brisbane has recorded a 3.8 per cent quarterly rise in housing rents, the highest rise of any Australian capital city.
abc.net.au/news/qld-real-estate-property-market-rental-prices-boom/101522446The housing crisis in south-east Queensland is getting so bad some tenants are finding, even with rising interest rates, a mortgage would be cheaper than renting.CoreLogic says average rents have risen $68 a week in the past yearThe problem is many simply cannot raise a deposit to take that first step onto the property ladder.
CoreLogic research director Tim Lawless said that equates to about a $68 a week increase for a typical rental dwelling, or $3,536 annually. "What this probably means is renters are starting to get close to a ceiling of how much they are actually able to pay." After years of renting in share houses with up to seven other people, he and his sister got a break by moving into an apartment their parents owned — meaning a private rental deal with no agent fees.Tradie Nick Rusis has just bought a house in Ipswich.
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