Australian Residential Rents Tipped to Continue to Rise in 2011          

by Marc Pallisco

www.realestatesource.com.au

Apr 20, 2011

http://www.realestatesource.com.au/australian-residential-rents-tipped-to-continue-to-rise-in-2011.html

RENTS for houses and apartments are expected to rise this year, as a result of accelerated economic activity, housing shortages and a depressed first home buyers market.

Australian Property Monitors, a property analyst, predicts a steep rise in rents this year, following what was a quarter of growth in March 2011.

According to APM, Sydney apartment rents have increased 7.1 per cent in the past twelve months, followed closely by Adelaide and Canberra.

It says house rents surged most this quarter in Melbourne - up 3.9 per cent