In grim news for renters, a new report has revealed Australia has recorded its steepest ever annual increase in rental rates. 9News
Individual areas saw truly jaw-dropping surges, including a 45.1 per cent rise in Paradise Point, Gold Coast, and a 40.6 rise in Adelaide's Hyde Park."Amid Australia's cost of living crisis, we predict that units will be a popular option for those looking for a rental this year," Powell said.
"There are many factors that have driven the rental market to its current state and there is no quick fix to ease its highly competitive nature," Powell said.
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