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Weekly rents fall across half the country

Weekly rents fall across half the country

by Reporter 0 comments

Rental rate growth has dropped in key capitals, while smaller cities are seeing stronger weekly rent figures.

New figures from Onthehouse.com.au show that rental rates have slowed in most capital cities, while Hobart and the ACT recorded the biggest gains.

Hobart saw the greatest increases, with houses rising 4.2 per cent from March 2015 to March 2016 to a weekly rent of $375, while units climbed 5.4 per cent to $295 over the same period.

In the ACT, houses rose 2.0 per cent over the same period to $505 while units climbed 1.2 per cent to $410.

Brisbane’s houses remained steady at $450 while units rose 1.3 per cent to $385.

In Adelaide, houses jumped 1.3 per cent to $380 and units remained unchanged at $310.

In Melbourne, houses fell 2.2 per cent to $445 while units rose 1.3 per cent to $405.

Sydney’s houses decreased by 1.5 per cent to $645 and units rose 0.9 per cent to $555.

Perth’s houses fell 4.4 per cent to $435 while units decreased by 8.2 per cent to $390.

In Darwin, houses decreased by 6.7 per cent to $555 while units fell 11.3 per cent to $430.

Across the country, houses rose 1.2 per cent to $430 while units remained unchanged at $420.

[Related: Stats show rental market favours tenants]

 

Weekly rents fall across half the country
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