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Weekly house rents are at record highs in every capital city bar Canberra and Darwin, according to the latest Domain rental report (see image).??
Brisbane saw the country’s biggest lift over the September quarter after rents surged by 5.8% to a new record high of $550 a week. That result means house rents are up by an astonishing 22.2% over the year – the fastest annual pace on record.??
Sydney saw house rents rise by 4.8% over the quarter, to a new high of $650 a week. As a result, annual house rents were up by 14.0% – the steepest annual increase since 2009.??
Rounding out the top three was Melbourne, where rents grew 2.2% over the quarter to a new record high of $470 a week. Despite the rise, Melbourne remains the most affordable capital city to rent a house with the value gap widening from the other capital cities.?
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