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Weekly rents go up in five capitals, down in three

Weekly rents go up in five capitals, down in three

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Rents have increased in most capital cities compared to the previous year, according to new statistics.

Onthehouse Data has reported that the national average rent for houses rose 2.4 per cent to $425 in May, while the national average for units rose 3.7 per cent to $420.

Sydney recorded the highest rental growth, with houses up 9.0 per cent to $665 and units up 5.8 per cent to $550.

Hobart posted growth of 5.7 per cent for houses to $370 and 3.6 per cent for units to $285.

Melbourne saw rents rise 4.6 per cent for houses to $460 and 2.5 per cent for units to $405.

Brisbane house rents climbed 3.4 per cent to $455, while unit rents remained steady at $380.

Adelaide saw modest growth of 1.4 per cent for houses to $370 and 1.6 per cent for units to $310.

Rents in the ACT were up 2.0 per cent for houses to $500, while units were down 2.4 per cent to $405.

Darwin’s numbers were down on the previous year, with houses falling 4.9 per cent to $580 and units falling 3.0 per cent to $480.

Perth also went backwards in both categories, with houses down 3.2 per cent to $455 and units down 1.2 per cent to $430.

[Related: Sydney and Melbourne rental yields below national average]

 

Weekly rents go up in five capitals, down in three
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