Rent.com.au Monthly Market Report for August 2018

MONTHLY HIGHLIGHTS:

• The cost of renting a room has increased across the country with a rise in the national median rent for
apartments up 2.9%, while house rents jumped 0.7% year-on-year.
• Canberra metro was the only capital city to see median rents climb for all property types.
• Six of eight state/territory capitals have median house rents above $400 a week.
• The most significant fall in the cost of rooms (overall) was in Darwin, down 6.2% from July.

 

 

Days on market

Apartments took longer to shift in Perth than in any other state or territory capital in August, taking 38 days (up
5% month-on-month and 11% year-on-year). However, apartments moved fastest in Hobart (just 17 days).
Canberra houses were fastest to lease on leave Rent.com.au in August (taking around 17 days on site) against a
slowdown for Darwin (43 days, 28% longer than July).
Conditions look to be slowly improving in Perth, with houses now moving 9% faster year-on-year and averaging
37 days before coming off market.

 

 

Landlord
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Rent.com.au Monthly Market Report for August 2018