New research offers a glimmer of hope for tenants around the country battling skyrocketing rents.
Hard-pressed housing tenants in Australia's capital cities have been offered some hope, with new data showing the largest monthly fall in asking rents for more than four years.
During the 30 days to June 4, rents in Melbourne remained steady at $635 per week, while Sydney rents over that period dropped by 1.1 per cent to $844 a week.There is some hope for housing tenants in capital cities, with new research showing the largest monthly fall in asking rents for more than four years.
Sydney continues to have the highest weekly rent for a house at $1050 per week, while Hobart offers the most affordable unit weekly rents in capital cities at $463.
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