house price growth

Melbourne’s Rental Prices Skyrocket: Escalating the Housing Crisis | WATCH

PHOTO: Housing Crisis. ABC

In the year leading up to June, Melbourne witnessed an unprecedented 17.5 percent increase in rental prices for units, outpacing all other capital cities across the nation. The alarming surge has caught the attention of Victorian Premier Daniel Andrews, who now advocates for the development of more high-density housing in well-established suburbs as a crucial measure to tackle the ongoing housing crisis.

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SOURCE: ABC

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