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Unit rents explode as migrants pour in

November 28, 2022 - 13:30 -- Admin

CoreLogic has released data showing explosive growth in unit rents amid strong arrivals of international students and migrants. As shown in the next chart, unit rents are tracking at more than 12% across Melbourne (13.7%), Sydney (13.4%), Brisbane (13.1%) and Adelaide (12.4%): This has come off a continued decline in the nation’s rental vacancy rate,

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