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Australian rents smash into affordability ceiling

September 29, 2023 - 10:00 -- Admin

The Australian Bureau of Statistics (ABS) on Wednesday released monthly CPI inflation data, which showed that overall rents across the combined capital cities rose 7.8% year-on-year in August: It was the strongest annual rate of rental growth since June 2008 when net overseas migration was also hitting an all-time high: The surge in rents has

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