Rents set to surge over next two years MrSamMurden
In NSW, this meant that coastal regions such as Lake Macquarie – and in particular the East of Lake Macquarie – were seeing a 15.6 per cent increase in rent prices and a 36.8 per cent rise over the past decade.
Australia is facing a nationwide rental crisis due to a range of factors, both external and internal. “We’re currently at 0.7 per cent – 41 per cent lower than 12 months ago when we were at 1.2 per cent. Most of the 20 regions chosen in our report have vacancy rates lower than the national average, and the majority are even lower than 0.3 per cent.”
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