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Canberra still the most expensive place to rent a home

Category: Capital Radio News

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Canberra is still the most expensive city in Australia to rent a home.

There appears to be no ease in the rental market for Canberrans, with a sharp increase in rents taking place in the last quarter of 2019 according to the latest report from Domain.

This rise is in despite an apartment construction boom and population growth.

House rents rose by 5 and a half per cent and units rose by 2.1 per cent, the median rental price for a house in Canberra is now $580, more than $50 more a week than second-place Sydney at $525.

 

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