Sydney remained the most costly capital for renters in June, with a median weekly lease of $796. Perth adopted at $721, whereas Brisbane overtook Canberra for third place at $687. Canberra’s median lease was $677. Hobart was the one capital with a median lease beneath $600, at $581 per week, whereas Melbourne was the second most reasonably priced at $613.
Regional areas continued to outpace the capitals in rental growth, with mixed areas seeing a 1.5% quarterly and 5.3% annual improve, supported by increased internet inner migration. The mixed capitals posted a 1.3% quarterly and a couple of.7% annual rise.
Among the capitals, Darwin led annual rental growth at 6.2%, adopted by Hobart at 5.3%. Perth and Adelaide recorded will increase of 4.9% and 4.7%, respectively, although each noticed a slowdown from earlier highs. Brisbane’s annual lease growth reached 3.8%, up from a latest low of three.1% earlier within the yr. In distinction, Melbourne, Canberra and Sydney noticed annual lease will increase of 1.2%, 1.6% and 1.9%, respectively, all beneath their pre-pandemic averages.
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