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Rent increasing at alarming rate this year

Rents in documented neighbourhoods in urban centres have risen ten times faster in the last nine months compared to last year. This is the highest increase ever recorded – as landlords pass on costs associated with interest rates and income tax to tenants.

The third quarter HassConsult Property Index – the closest measurement to a property index, indicates that rents have gone up by eight per cent between September last year, and June this year.

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