The ABC has a story on Australian Property Monitors data showing the Canberra rental market is finally softening.
- The latest report from Australian Property Monitors (APM) shows median rents fell by 2 per cent in the ACT in the September quarter.
On a year-to-year basis they rose by a moderate 3 per cent.
But Canberra’s median weekly rent of $390 for houses was still among the highest in capital cities, topped only by Darwin.
So next time your landlord suggests the rent should go up you might want to suggest otherwise.