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Australia has enjoyed a record-breaking surge in house prices with the steepest increase in almost 18 years recorded in the first quarter of 2021 alone.
Over the 12 months to September 2021, around 146,000 detached homes are expected to commence construction. A huge chunk of these projected construction starts are situated in regional areas.
The increase in the demand for rental properties across Australia has led to an overall rise in rents, according to SQM Research.
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