Rent ‘stabilisation’ recorded across Australia over past 30 days
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SQM Research Managing Director Louis Christopher says rents are not rising to the same extent as some on social media suggest. “On our numbers over the past 30 days, we have actually recorded a stabilisation of rents,” Mr Christopher told Sky News Business Editor Ross Greenwood. “If we look over the last 12 months, rents have accelerated; we’ve got them up by about 6.9 per cent as a capital city average, and it’s well above CPI and well above wages growth. “During winter times, we tend to see a little bit of a lull in the rental market, where rents tend to stabilise. “What we’ve seen over the past 30 days is just that seasonal lull, so my point is that we are not ruling out could accelerate from here.”
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