Canberra weekly house rents have topped the nation: Domain report

Renters in Canberra are being faced with the most expensive weekly asking rents for houses in the nation, according to the latest Domain quarterly report.

Domain’s State of the Market Rental Report for the June quarter shows Canberra’s median weekly asking rent for houses is currently $550, on par with Sydney.

Rents in Canberra for houses and units have reached an all-time high, with asking rents for units at $450. This is the second highest in the nation behind Sydney’s $550.

While Sydney’s weekly asking rents have stagnated over the 12 months, Canberra rents have recorded the second highest growth, behind Hobart, in both the housing and unit market at 10 per cent and 7.1 per cent respectively.

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