Essendon & Moonee Valley Blog

Information, News, Links, Property & Community

Rents to soar in 2010

(Real Estate Business)
Rising interest rates and an acute undersupply of housing could force rents to jump by 7 per cent in some parts of the country.

According to figures released by BIS Shrapnel, the national average yearly rental growth is forecast to be 5.8 per cent, resulting in rental households passing an extra $1.9 billion to landlords each year.

The average rental rate for Sydney is expected to grow by 7.1 per cent on average annually between next year and 2012.

This entry was posted in Local News, Local Real Estate News, Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *