Renters in Launceston are paying around $122 more per week than at the same time five years ago amid a shrinking supply of homes.

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Renting. Picture by Paul Scambler.

Data released by Cotality shows the median rent in Launceston and the greater North East is $495, which is 32 per cent higher than in 2020.

During the same period, renters in greater Hobart saw a 30 per cent increase , bringing their weekly rents $137 higher to $584.

Since September 2024, vacancy rates in Launceston and the North East have dropped by a full percentage point, fro

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