House prices and rents hit record highs in regional Australia – rising faster than in capital cities

Batemans Bay, Bunbury and the Sunshine Coast post biggest quarterly rental increases

• Follow our Australia news live blog for latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

Regional property prices have soared to record highs as Australia’s housing crisis continues to grip the nation.

When it comes to rent, all but three of 50 non-capital city areas studied by CoreLogic posted an increase in the past three months, with 37 areas reaching record highs.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

from World news | The Guardian https://ift.tt/uji25We
via IFTTT