TARYN PARISTUE 25 MAY 21
The cost of renting in regional markets has increased almost three times as much as capital city markets during the past 12 months.
The Corelogic hedonic rental value index, which tracks the combined value of rent estimates for all dwelling types, increased 9.6 per cent for regional rents, while capital city markets increased 3.3 per cent.
Corelogic head of research Eliza Owen said there had been an “extraordinary tightening” of regional markets.