Darwin and Perth lead rental growth

Posted on 11/04/2013  

It’s Perth and Darwin equal first and daylight second, when it comes to growth in house rents in the capital cities.

Perth and Darwin have both recorded 22% growth in median house rents in the past 12 months, according to the Rental Report from Australian Property Monitors.

Next best is Brisbane with 2.6% annual growth. Sydney, Melbourne and Adelaide have all recorded no rental growth, says APM, while Canberra has had a 1% decrease and Hobart a 6% decline.

Darwin is the runaway leader on house rental levels, with a median house rent of $700 per week. Sydney is next, at $500 per week.

The outcomes are similar with apartment rents. Darwin’s median is up 22% and Perth has risen 17%, and then there’s a big gap to Sydney (up 4.4%) and Brisbane (up 2.7%).

As  with house rents, Canberra and Hobart have recorded falls in their median unit rents.

In terms of median unit rent levels, Darwin leads with $550 per week, followed by Sydney with $470 per week.

 

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