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By 1994, there were six area codes of two digits covering Sydney (02), Melbourne (03), Canberra (06), Brisbane (07), Adelaide (08) and Perth (09), 48 area codes of three digits, from (002) covering Hobart to (099) covering mid-west Western Australia, and one area code of four digits, Kangaroo Island (0848), which was not incorporated into a larger area code before 1994.
[1] [2] The average weekly price for a rental in Australia is $570 AUD. [3] Sydney has the most expensive capital city rents. [4] Rental rates have increased faster than inflation in recent years. [3] [5] In recent years, the cost of Australian rentals has become a prominent political issue; dubbed the 'rental crisis'.
This is similar to the North American or NANPA prefix 1–800, but while in North America, the 1 is the long-distance or toll prefix and 800 is the area code; 1800 in Australia is itself a "virtual area code" (prior to the introduction of 8-digit numbers, the free call code was 008).
In 2022 the Australian residential rental market saw an annual increase in rents of 12%, the strongest increase in 14 years. Across Australia the vacancy rate was 1%, when a rate below 2% is considered very competitive with affordability constraints impacting tenants. [26] A number of sources have described the situation as a ‘rental crisis’.
With an internal area of 190 square metres, the price of $44,210 per square metre was an Australian record. [1] In July 2015, a Level 11 penthouse in the Bennelong Apartments sold for approximately $22 million, which at the time was the second most expensive apartment sale in the history of Sydney and Australia.
[39]: 7 [40]: 1 [41]: 1 A 2019 study found that San Francisco's rent control laws reduced tenant displacement from rent controlled units in the short-term, but resulted in landlords removing 30% of the rent controlled units from the rental market (by conversion to condos or TICs) which led to a 15% citywide decrease in total rental units, and a ...
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