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Melbourne could soon become the cheapest city for renters, while Canberra remains the most expensive

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House rents have hit record highs in every capital city in Australia except Melbourne, Perth and Darwin.

But for the first time on record, Melbourne has become the second-most-affordable capital city in Australia in which to rent a house, equal with Perth and behind Adelaide. 

Melbourne could become the most affordable city in the country in which to rent a house and unit this year, if present trends continue.

That’s the finding from Domain’s latest quarterly rent report,…



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