The ABC has the happy news that Canberra’s hideous rental market is finally coming down:
The latest report by Australian Property Monitors shows the median asking rent for units dropped nearly 5 per cent in the past three months, or $20, to $410 a week.
Over the year, rents fell nearly 7 per cent or $30 a week.
They are the highest falls of any state or territory capital city.
The average rent for houses dropped 1 per cent in the past three months, or $5, to $480 a week.