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Rental rates increase across most capital cities

06 October 2015 Reporter

Weekly rents have risen across most of the nation’s capitals, with Hobart seeing the biggest gains.

A new report released by SQM Research has highlighted drops in weekly rents for Darwin, Perth and Canberra.

The weekly rent for houses in Australia was measured at $409 in September 2015, down 1 per cent on the previous year to date, while units remained unchanged at $336 over the same period.

In Hobart, houses climbed 6.7 per cent to $330 and units jumped 8.3 per cent to $283.

Melbourne houses rose 2.8 per cent to $469 and units increased 1.6 per cent to $364.

Houses in Adelaide climbed 2.1 per cent to $364 and units rose 0.2 per cent to $281.

In Sydney, houses were up 1.7 per cent to $679 and units were up 2.2 per cent to $486.

In Brisbane houses and units were both up 0.6 per cent to $448 and $371 respectively.

Weekly rents for houses in Canberra were down 0.3 per cent to $472, while units were up 0.1 per cent to $371.

In Perth houses fell 8.1 per cent to $482 and units dropped 5.5 per cent to $391.

Darwin recorded the greatest losses, with houses down 21.3 per cent to $570 and units down 17.8 per cent to $465.

[Related: Rents rising at the slowest pace on record]

 

Rental rates increase across most capital cities
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