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The fastest-growing rental markets revealed

Nila Sweeney
Nila SweeneyReporter

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Robust demand and dwindling supply have fuelled rental growth of up to 28 per cent across coastal areas and mining towns such as South Hedland in Western Australia in the past 12 months, and further upside is expected in the year ahead, data from CoreLogic shows.

Mining dependent towns in Central Queensland such as West Gladstone, Calliope and Gracemere also clocked strong gains of 22.2 per cent on average over the past year as FIFO (fly in, fly out) workers took up local residence to avoid lengthy quarantines.

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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au

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    Original URL: https://www.afr.com/property/residential/the-fastest-growing-rental-markets-revealed-20210706-p5875n