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Rents in Sydney and Melbourne continue to recover

Rents, quarterly and annual movement (%).jpeg

Rents in Sydney and Melbourne have recorded rises for the second consecutive quarter. Price rises this quarter were driven by both houses and other dwellings, which includes flats and townhouses.

Rents across the remaining capital cities have recorded a faster recovery in rental price growth compared to Sydney and Melbourne. These cities continued to record strong price rises in the June 2022 quarter, with increases in rents seen for both houses and other dwellings, reflecting historically low vacancy rates. 

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release

 

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