Olympian rent hikes at lowest level since before Tokyo Games
The rental market has been breaking records while renters have been left on the sidelines but the market may be nearing its peak.
Renters have had to dig deeper to clear the bar set by constantly rising rents at record levels. (Image source: Shutterstock.com)
In the housing Olympics, the rental market has been the performer most likely to be tested for steroid use.
The record breaking 39.7 per cent surge in rents recorded over the past five years appears, however, to have neared its personal best.
The national rental vacancy rate held relatively steady in July, dropping just 0.01 percentage points (ppt) to 1.42 per cent, according to PropTrack data released Tuesday (13 August).
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