Australian Rents Grew at Fastest Quarterly Pace, Expected to Climb Further

Signage for a real estate property is seen in Carlton North, Melbourne, Australia, on July 18, 2018. AAP Image/James Ross

Rents in Australia rose at the fastest quarterly pace over the three months to September and are set to continue climbing, according to the latest PropTrack Market Insight Report.

Median weekly rent prices rose 4.3 percent over the September quarter, following a 2.2 percent rise in the previous quarter.