Rents are Up
Posted
@ Aug 1st 2007 2:12pm
- By GCPN Property Network
The rise in housing this quarter was mainly due to increases in both rents (+1.6%) and house purchase (+1.0%). This is the largest quarterly rise in rents since September quarter 1989, when the rise was 2.1%.
Average rents rose in South East Queensland (+2.2%) Over the twelve months to June quarter 2007, the housing group rose 3.6%.
This rise was mainly attributable to rents (+5.2%), house purchase (+2.7%), and property rates and charges (+5.6%). Annually, housing increases were led in part by rises in South East Queensland (+5.1%)
.