Canberra rental prices hit record high
20 21
Canberra remains Australia’s most expensive capital city to rent a house or a unit. House rents surged by $30 over the June quarter to a new record high of $630 a week, $60 above the same time last year.
This is the strongest pace of annual growth since 2007. The record high unit asking rent of $500 a week continued over the June quarter - an increase of $30 compared to the same time last year. For units, it’s $30 more and $70 more than Sydney and Darwin respectively. Tenants in the “renter’s market” that is Melbourne can expect to pay $170 less per week for a house and $125 less for a unit than ACT renters. The vacancy rate for ACT rentals has also fallen to 0.7%, forcing �ierce competition for available properties.
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