Rental prices in­crease

Port Douglas & Mossman Gazette - - FRONT PAGE -

RENTAL prices con­tinue to trend higher in April, ac­cord­ing to RP Data. with most cities record­ing an in­crease in rents. Across the com­bined cap­i­tal cities, house rents were up 1.4 per cent over the three months end­ing April and unit rents were up 1.3 per cent. Ac­cord­ing to Ris­mark’s Ben Sk­il­beck, on a to­tal re­turn ba­sis (that is, cap­i­tal val­ues plus gross rents) the national mar­ket is now 8.3 per cent above its May 2012 lows and 6.9 per cent above the pre­vi­ous mar­ket high of Oc­to­ber 2010. ‘‘Over­all the hous­ing mar­ket is in much bet­ter shape than it was a year ago where val­ues were still fall­ing and mar­ket sen­ti­ment was very low.’’

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