Rent.com.au Monthly Market Report for July 2018

REPORT HIGHLIGHTS:
• Year-on-year, houses in Sydney have slowed more significantly than in any other capital: It took 27 days
on average to move a house in July, 22% slower than in July 2017.
• Canberra metro was the only state capital to see median rents fall across both property types in July.
• Six out of eight state/territory capitals now have median rents (houses) above $400/week.
• The most significant rise in the cost of rooms (apartments) was in Hobart, up 20% year-on-year to
$240/week.

Days on market
Most significant slowdown in Darwin, with a 21% increase in time on market month-on-month to 39 days for
apartments. Year-on-year, houses moved 22% slower in Sydney, taking some 27 days to move on average.
Trends were different in Hobart, which saw houses move 14.2% faster month-on-month, taking just 18 days to
shift in July.

Perth Market