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Property price growth outstrips rents, especially for inner-city apartments, data shows – Domain News

Buyers are willing to pay more for CBD apartments even as the rents they could receive are falling, with a top economist warning if international students aren’t…

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Property price growth is outstripping rent growth in Australias largest cities as the housing market booms, with the gap most pronounced in the weakened inner-city apartment markets.
And if international students are unable to return to Australia soon after more than a year of closed borders to slow the spread of coronavirus, CBD unit values could take a hit, a top economist warns.
Sydney house prices soared a stunning 8.5 per cent in the March quarter, while house rents stayed flat over the same…

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