Data shows the market is at its tightest ever with rents going up in most capitals. Follow today’s news live
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Properties valued below the price caps of the federal government’s 5% deposit guarantee scheme are rising faster than more expensive homes, according to analysis by Cotality.
Over the first six months since the scheme’s expansion, homes under the price caps increased in value by 6.7%, outpacing the 3.6% rise recorded for properties valued above the caps.
Vacancy rates are lower than ever and supply remains incredibly tight, but rent growth is no longer accelerating everywhere. That tells us households simply can’t stretch any further.
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