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Rental report highlights two-tier national market

Rental report highlights two-tier national market

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Weekly rents have risen in half the nation’s capitals, with Sydney seeing the largest gains.

A new report from SQM Research has shown that weekly rents have dropped in Canberra, Hobart, Darwin and Perth.

Across the country, weekly rent for houses measured at $505 in November, up 3 per cent on the previous year, while units rose 2.8 per cent to $345 over the same period.

In Sydney weekly rent for houses rose 13.6 per cent to $1,140, and units climbed 11.8 per cent to $637.

In Melbourne weekly rent for houses climbed 9.2 per cent to $710, and units rose 2.3 per cent $437, while Brisbane’s weekly rent for houses climbed 5.8 per cent to $582, and units rose 2 per cent to $378.

In Adelaide weekly rent for houses rose 1.2 per cent to $493, and units climbed 0.4 per cent to $296.

In Canberra weekly rent for houses went down 1.9 per cent to $626, while units rose 1 per cent to $378.

Hobart’s weekly rent for houses dipped 0.4 per cent to $386, and unit dropped 5.2 per cent to $242, while Darwin's weekly rent for houses fell 3.6 per cent to $656, and units dropped 7.1 per cent $460.

Perth’s weekly rent for houses fell 5.9 per cent to $720, and units dropped 1.3 per cent to $446.

[Related: Hobart and Sydney lead the way in flat rental market]

 

Rental report highlights two-tier national market
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