'The closer a region is to the CBD, the more likely it is that rent values have fallen.' 9News
Data from the June Quarter shows that on average, median capital city rental prices dropped by 0.7 per cent, with most of those falls concentrated in an around Sydney and Melbourne.
Hobart came in third with an asking price of $454 a week, followed by Melbourne , Darwin , Brisbane , Adelaide and Perth .When broken down by individual suburbs, the picture becomes clear: rents in inner Melbourne dropped 9.6 per cent from $553 to $500; Sydney's eastern suburbs dropped 10 per cent from $812 a week to $731 and Sydney's inner south dropped a whopping 10.5 per cent from $731 to $654.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'You can't be held down': Why a mandatory COVID-19 vaccine is unlikely in AustraliaPrime Minister Scott Morrison caused a stir when he suggested a COVID-19 vaccine would be as mandatory as you can possibly make it. What power does the Government have to make vaccines mandatory?
Read more »
‘The strategy is working’: Daniel Andrews highlights record low COVID-19 cases | Sky News AustraliaPremier Daniel Andrews has spruiked his roadmap to recovery and urged Victorians to “stay the course” as case numbers continue to fall across the state. \n\nVictoria recorded its lowest daily increase in cases since June 24 with only 28 overnight infections and eight deaths.\n\n“That is a fantastic outcome and a tribute to the hard work, sacrifice and contribution every single Victorian is making,” the premier said.\n\n“This strategy is working, these numbers are falling and this is exactly what we have to do; stay the course, get these numbers low that is what will keep them low.”\n\nMr Andrews spoke about the health disadvantages of reopening the state prematurely, saying “if we open up when they (cases) are too high, they will just get higher and higher”.\n\n'The message is, regardless of your post, background or circumstances, this virus does not discriminate, and everybody has to play their part”.\n\nHe warned $5,000 on the spot fines would be issued by police to those attempting to move from metropolitan Melbourne to regional areas and additional spot car checks would be introduced. \n\nImage: News Corp Australia
Read more »
COVID-19 has hammered home some uncomfortable truths about us as a peopleThis disease has revealed the character of our leaders and hammered home some uncomfortable truths about us as a people, writes Chris Uhlmann
Read more »
Albanese flags an eight-point economic plan as key to COVID-19 recoveryAnthony Albanese will push the Morrison government to offer more support for out-of-work Australians and struggling small businesses ahead of next month's federal budget | rharris334
Read more »
60,000 more people may have had COVID-19 than detected: studySeven times as many Australians could have been infected with the coronavirus than official figures suggest, according to a new antibody study.
Read more »
As Indonesia's COVID-19 deaths continue to climb, economic recovery remains the focusJakarta has re-entered partial lockdown for two weeks, despite the health ministry warning against restrictions due to their economic consequences.
Read more »