Rent in Australian capital cities climbs record 11.7% in 12 months

Increase equivalent to $3,200 a year for tenants, with relief ‘unlikely’ in the short term as demand continues to outstrip supply

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Renters in Australian capital cities have suffered the highest increase for a 12-month period since records began in 2007 as the nation’s housing crisis shows no sign of slowing down.

The combined capitals’ rental rate increased 11.7% over the past year, far above the average increase of 3.5%.

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