Local: Thu
Sydney: Thu
Select Destination
Location Time Temp
Sydney Thu13°
Melbourne Thu11°
Brisbane Thu20°
Perth Thu12°
Adelaide Thu
Hobart Thu10°
Canberra Thu
Darwin Thu28°

news

Get our help FREE advice or find service providers with our bookJobs Now

Rental costs in Australia

13 January 2016 by News Desk

property_03The cost of renting a home in Australia is growing at the lowest rate for 20 years.

And in at least two state capital cities, the cost of renting a home has fallen over the past 12 months.

Average weekly rents across Australia’s state capital cities are $486 a week for houses and $464 a week for units. Over the past year, rents in capital cities rents rose by just 0.3%.

In Perth, the cost of renting a home has fallen by 8% and in Darwin by 13.3%, according to CoreLogic RP Data’s Rent Review report.

During 2015 there was a small increase in rents in Sydney, Melbourne, Hobart and Canberra. Sydney rents rose by 1.9% and Melbourne rents rose by 2.2%.

Meanwhile, the cost of renting a home fell in Brisbane, Adelaide, Perth and Darwin.

Darrell Todd of thinkingaustralia says: “These latest figures are good news for anyone seeking to live and work in Australia. As increasing numbers of new homes come on to the market, rents in some cities will continue to fall.”



We use cookies on Thinking Australia

This website uses cookies to ensure you get the best experience on our website. Please confirm permission to use cookies.
Cookie Policy Privacy policy