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CoreLogic median rent is based on a current estimate of rent income, describing what the median dwelling in Australia would rent for if you put it on the market at any given time. The $601 median is a series high, and coincides with total annual rent increases of 8.3% nationally.

The median has increased markedly from $437 per week in August 2020, pushing annual rent values up by more than $8,000 in that time.

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