Property rents set to grow more than house prices, says Australian bank

[Nicholas Wallwork]

Residential rents are set to increase more than house prices over the next two years, according to the latest index from the National Bank of Australia. Property professionals surveyed by the bank expect rents to grow by 2.1% over the next 12 months and by 3.4% over the next two years, with rents growing in [...]

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[mattio]

Thanks for sharing the article. I am actually not surprised about rent prices increase over house prices. In this economy plenty of people, especially young people just simply cannot afford to buy a house.