Rents rising fastest for large houses and small units
As any property investor could tell you, rents have grown strongly over the past year.
But when you drill down into the data, as realestate.com.au did, you discover that some types of rental property have been more in-demand with tenants than others.
Between the September quarters of 2021 and 2022, demand was higher for houses (which experienced an 11.1% annual increase in rents) than units (7.1%).
Drilling down further, by bedroom size, it turns out that houses with more bedrooms were more popular than those with less:
- 2 bedrooms 7.7% annual growth
- 3 bedrooms 9.3%
- 4 bedrooms 12.0%
- 5 and more bedrooms 11.4%
For units, the results were different:
- 1 bedroom 11.1% annual growth
- 2 bedrooms 8.4%
- 3 and more bedrooms 10.0%
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