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One Year’s Rent, Upfront: How Far Would You Go to Find a Home?
- During the June quarter of 2025, Canberra and Sydney topped the list of capital cities with the highest median rent at $620 weekly, while Darwin ranked next with a median rent of $570 per week.
- This rise results from tight rental supply, with Australia’s vacancy rate about 1.5%, which PropTrack economist Angus Moore says creates strong competition among renters.
- Moore explains that rising interest rates have reduced borrowing capacity by up to 30%, keeping more households in the rental market and limiting home ownership transitions.
- Rents nationally increased 11.8% since June last year, with Sydney and Melbourne rents up 19% and 17.5% respectively, and capital city rents rising 5.8% in the quarter, according to PropTrack data.
- Consequently, rental pressures remain high, prompting calls from Tenants Queensland CEO Carr for government limits on rent increases to occur only once annually and match inflation rates.
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11 Articles
11 Articles
All
Left
6
Center
1
Right
Coverage Details
Total News Sources11
Leaning Left6Leaning Right0Center1Last UpdatedBias Distribution86% Left
Bias Distribution
- 86% of the sources lean Left
86% Left
L 86%
14%
Factuality
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