RENTAL PROPERTIES
According to the REIA, during the December quarter 2006, Canberra had the highest quarterly median weekly rent ($330) for Three-bedroom houses in Australia, an increase of 3.1% from the previous quarter. Canberra had the third highest annual increase in median weekly rents for Three bedroom houses (up 6.5% between the December quarter 2005 and the December quarter 2006), behind Perth (17.4%) and Brisbane (8%) and equal to Adelaide (6.5%).
Between the December quarter 2005 and the December quarter 2006, the median weekly rent for Two-bedroom other dwellings in Canberra increased by 3.4%, to $300. This was the second highest median rent for this type of dwelling, with Sydney recording the highest ($310).
12.5 Summary of median weekly rents - December quarter 2006 |
|  |
| 3 bedroom houses | 2 bedroom other dwellings(a) | |
| Quarterly Median
$/week | Quarterly
% change | Annual
% change | Quarterly Median
$/week | Quarterly
% change | Annual
% change | |
| |
| Canberra | 330.0 | 3.1 | 6.5 | 300.0 | - | 3.4 | |
| Sydney | 275.0 | 1.9 | 5.8 | 310.0 | - | 3.3 | |
| Melbourne | 240.0 | 2.1 | 4.3 | 240.0 | - | 9.1 | |
| Brisbane | 270.0 | (b)3.8 | 8.0 | 260.0 | - | 13.0 | |
| Adelaide | 245.0 | 4.3 | 6.5 | 190.0 | - | 8.6 | |
| Perth | 270.0 | 3.8 | 17.4 | 250.0 | 4.2 | 25.0 | |
| Hobart | 260.0 | 4.0 | 4.0 | 200.0 | - | 5.3 | |
| Darwin | 315.0 | 3.3 | 5.9 | 240.0 | 6.7 | 9.1 | |
| |
| - nil or rounded to zero (including null cells) |
| (a) Other dwellings are individual flats, home units, town houses, terrace house etc |
| (b) September 2006 median rent for Brisbane has been revised to $260 |
| Real Estate Institute of Australia, Real Estate Market Facts, December Quarter 2006. |
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