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Mera Mumbai Mahaan

If you thought the rents are exorbitant only in Mumbai, you are wrong. The rental market is very high in Australia too.

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If you thought the rents are exorbitant only in Mumbai, you are wrong. The rental market is very high in Australia too.

In fact, the analysts of the residential rental market predict almost a 24 percent rise is most big cities of the country.

According to a survey, there is a critical shortage of new housings and there is heavy demand from buyers and renters. The rents in Sydney, Brisbane, Perth and Darwin are likely to sky-rocket soon.

In Sydney and Perth, the rents could go up by 20 percent soon with an average house rent for a small family coming to somewhere between $325 to $500 a week. Converted into rupees, that is Rs 13,000 to Rs 20,000 for a week, more than 50,000 for a two-bedroom flat per month. Mera Mumbai Maahan.

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