PropTrack Rental Report: December 2022 Quarter

Cameron Kusher
Cameron Kusher

The national rental market remains tight, characterised by strong demand and low supply, resulting in properties leasing rapidly. While conditions are still tight, rental price growth slowed significantly over the final quarter of the year, with no change nationally. Median advertised rents were recorded at $480 per week at the end of 2022. Over the 2022 calendar year, national rents rose by 6.7%, up from a 4.7% increase the previous year.

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