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Affordability driving rental growth

The fastest growing rental suburbs are located in the outer areas of Melbourne because of the emerging working nodes and affordability according to RP Data’s research analyst Cameron Kusher.

Kusher adds that people are moving to areas such as Melton due to the affordable rentals, proximity for jobs at the airport and the many major industries located close by.

“Across the top performing suburbs for median rent growth for houses all of those are located in Melbourne. All these suburbs are located in the more affordable outer areas of the city” says Mr. Kusher.