Weekly Property Pulse
Cameron Fisher | 17th November, 2014
National Rental Review 2014
RP Data have recently released their September Quarter Rental Review, a scorecard which provides an in-depth analysis of rental market activity over the quarter. Nationally, the annual rental rate for houses and units increased by 1.3 per cent while in the capital cities, house rents remained flat at 0% growth; rental rates for units increased by 2.4 per cent. Get the report here.
Highest Weekly Median Rents (houses):
Darwin – $660
Sydney – $525
Canberra – $480
Perth – $462
Brisbane – $400
Adelaide – $350
Melbourne – $390
Hobart – $330
Highest Weekly Median Rents (units):
Darwin – $550
Sydney – $500
Perth – $450
Brisbane – $390
Canberra – $383
Melbourne – $370
Adelaide – $300
Hobart – $275
RP Data analysts reported that over the third quarter of 2014 capital city rental rates for both houses and units remained unchanged. Across the combined capital cities, rental rates for houses were recorded at $430 per week, while median weekly rental rates remained at $420 for units. On a national level house rents also remained steady over the three months to September at $400 per week, while for units, rents fell by -1.3 per cent, down $5 over the quarter to $390 per week.
Click here to read the full report.
(Source: RP Data)
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