The four Canberra and Queanbeyan suburbs where rent prices increased by more than 20 per cent
Tenants are struggle to find a rental property amid low vacancy rates, stock and increasing competition.
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The top 10 places for rent increases last year were either coastal areas or resources towns.
The new year has kicked off with a bang after a four-bedroom property in Forde sold under the hammer for $1,385,000 in front of a crowd of close to 50 spectators.
Asking price equally stunning.
Decisions on where to rent a home sure have changed over the past three years, shifting from the inner-city suburbs to the coastal locations.
Sea-changers priced out of hippie-turned-glamour hotspot Byron Bay are resorting to more affordable beach towns in northern NSW.
Nine-figure asking price is jaw-dropping.
For an eye-watering price.
It isn't cheap, though.
Rent prices in Canberra have reached boiling point after new figures revealed the capital’s median asking rent for both a house and unit reached new record levels.
Tenants are forking out $50 a week more than they were a year ago in a race for space to work from home through the pandemic.