1307.8 - Australian Capital Territory in Focus, 2007  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 29/11/2007  Ceased
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Contents >> Housing and Construction >> Rental Properties

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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