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Rents up everywhere

19/11/2009

Rents on houses increased 3.4 per cent to $422 a week nationally over the 12 months to October, while they rose 4.1 per cent on apartments to $409 according to property research firm rpdata.

The biggest increases were in Rose Bay, NSW where median advertised rents on houses jumped 58.3 per cent to $950 from $600 a year ago.

For units, Brisbane's West End saw rents go up 39.4 per cent to $460 a week from $330.

Other big rises in advertised median house rentals were in Toorak, Victoria ( up 44 per cent to $1280/week), Bulimba in Brisbane ( up 44 per cent to $650), and Griffith in the ACT (up 41 per cent to $1100 per week).

Source: The Age



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