Hard-pressed housing tenants in Australia’s capital cities have been offered some hope, with new data showing the largest monthly fall in asking rents for more than four years.
Figures from SQM property research revealed the dip in average capital city rents to $723 last month – the biggest monthly percentage reduction on that benchmark since April 2020.
During the 30 days to June 4, rents in Melbourne remained steady at $635 per week, while Sydney rents over that period dropped by 1.1 per cent to $844 a week.
