Turning to the growth in rentals for three bedroom houses, using a comparable 1975 urban aggregate index of 100, the following rent index table indicates that rentals have only grown at 74 percent of the indexed growth in housing prices (overall index growth of 580 for rentals, compared with 786 for prices). However, the rental growth was uneven across regions: the inner urban LGAs of Prahran and South Melbourne showed a growth in their respective rental indices of 1028 and 1013, clearly ahead of growth in their price indices of 494 and 942. The entire inner urban region showed an indexed growth in rentals.
