Rents are growing at the slowest rate in four years thanks in part to increased supply, but are still at record highs, Domain’s March quarterly report has revealed.
It comes as Anglicare Australia launches a heat map showing rental affordability in each electorate, with Kingsford Smith, Bradfield, Sydney and Warringah in New South Wales and Fadden in Queensland the five least-affordable electorates in the country.
Annual house rent increases have slowed to multi-year lows across many of the capital cities but all were still at record highs, with increases of 4.8% in Brisbane to $650 per week.
