Sunday, May 10, 2009

Rental market in Melbourne

Scanning through some local classifieds I couldn't help noticing an increase in rental prices in Melbourne even within the same suburbs for rental rooms. The rental market has still kept strong in many parts of Australia due to the shortage of new dwellings being built to accommodate the influx of migrants to the nation's cities. This in turn is pushing rents higher in some sought after suburbs, specially close to universities and other educational centers. It isn't common to see people renting out rooms in classifieds to students for 550+ a month, not including bills. This placing bigger costs on students and families wishing to rent in these areas.

No comments:

Post a Comment