Aussie Home Loans blog

Get the most out of your home loan.

  • Home
  • Buying Your Property
  • Money Smarts
  • Maintaining Your Property
  • Ask John Symond
  • Life and Style
  • Customer Stories

Category Results

Tag Results

Author Diane Leonard Results

Meet with a Broker

Are rents increasing or decreasing in your city?

July 21, 2014 By Diane Leonard Leave a Comment

rental market performance across australia - RP data

The performance of Australia’s rental market is revealed in RP Data’s Quarterly Rental Review, with varied results around the country.

Nationally there hasn’t been a great deal of change to rental prices over the three months to June 2014, however the last 12 months have seen more substantial fluctuations.

While some cities have surged ahead, others have suffered sharp declines. Here’s a closer look at rental price activity across the country’s capital cities over the 12 months to June 2014.

Sydney

House rentals rose in all regions except Fairfield-Liverpool where rents remained unchanged at $450 per week. The biggest rise was in Lower Northern Sydney where rents increased by 10.4 per cent to $900 per week.

For units, Outer Western Sydney was the only market where rents fell (-2.9 per cent). The Northern Beaches (5.6 per cent) and Inner Sydney (5.5 per cent) experienced the strongest rental increases.

Are rents increasing or decreasing in your city? - results table

Click to enlarge image

Melbourne

The biggest rises in house rents were recorded in Moreland City (10.5 per cent) and Boroondara City (8.3 per cent), while Eastern Outer Melbourne (no change) and Inner Melbourne (0.8 per cent) had the smallest changes.

Rents for units in Frankston City (-1.7 per cent) and Boroondara City (-1.3 per cent) fell, while the Mornington Peninsula Shire rose by 6.7 per cent, the biggest increase experienced in Melbourne.

Are rents increasing or decreasing in your city? - results table

Click to enlarge image

Brisbane

House rents in Ipswich City, Pine Rivers and Southeast Outer Brisbane remained steady while all other regions increased from between 1.9 per cent (Inner Brisbane) and 4.3 per cent (Northwest Inner Brisbane and Southwest Inner Brisbane).

Units in Redcliffe (3 per cent) and Caboolture (2.7 per cent) experienced the strongest rents growth across Brisbane, while Redland City was the only region to record a fall in unit rents (-1.7 per cent).

Are rents increasing or decreasing in your city? - results table

Click to enlarge image

Adelaide

House rents in Southern Adelaide fell by -2.9 per cent, while Northern Adelaide rents increased by 3.3 per cent.

Unit rents increased across Adelaide, with Eastern Adelaide and Western Adelaide’s rents growing the most at 3.1 per cent and 3.4 per cent respectively.

Are rents increasing or decreasing in your city? - results table

Click to enlarge image

Perth

Rent falls in Perth have been experienced for both houses and units, with Central Metropolitan Perth experiencing the biggest drops of 6.3 per cent and 8.3 per cent for houses and units respectively. South East Metropolitan units were the only ones to maintain the same rents from the previous year.

Are rents increasing or decreasing in your city? - results table

Click to enlarge image

Darwin

Palmerston-East Arm house rents experienced the largest increase, rising by 5 per cent to $630 per week. The most populated unit market, Darwin City, recorded the strongest rents growth of 5.6 per cent to $570 per week.

Are rents increasing or decreasing in your city? - results table

Click to enlarge image

Canberra

Canberra experienced blanket falls in rents over the last 12 months, however the last quarter has started to show signs of improvement. House rents in the last quarter increase in Gungahlin (4 per cent), North Canberra (2 per cent) and Woden Valley (1.9 per cent).

Are rents increasing or decreasing in your city? - results table

Click to enlarge image

Hobart/Tasmania

House rents around the country remained steady, with the exception of Burnie-Devonport (4 per cent), Lyell (7.1 per cent) and North Western Rural (6.5 per cent) which all increased. Burnie-Devonport also experienced the strongest increase in unit rents of 4.8 per cent.

Are rents increasing or decreasing in your city? - results table

Click to enlarge image

Source: RP Data Quarterly Rental Review June 2014

Have you been impacted by rent changes, either as an investor or renter? Tell us your experience in the comments below.

If you found this article useful please share it using the buttons below.

Related posts:

rental return10 ways to boost the rental return on investment property Are you better off buying or renting in Sydney? investment propertyHow to build a property portfolio on a small budget property millionaire5 ways to become a property multimillionaire

July 21, 2014 Diane LeonardLeave a Comment 

Filed Under: Money Smarts Tagged With: investment-property, renting-a-property

Meet with a Broker
Property Guides
Tools and Calculators
Repayment Calculator

About Diane Leonard

Diane is the digital marketing manager at Aussie Home Loans. She is a self-professed geek and lover of all things digital. She continues to search high and low for the healthier version of herself, and when she can fit it in, you'll find her preoccupied with her cat - Jez, buzzing around Sydney on her scooter or attempting to learn a new tune on her ukulele.

Search the Aussie Blog

Borrowing Calculator
Repayment Calculator
Property Guides
Meet with a Broker

Connect with us

Popular Posts

  • Buying Your First Home With Little or No Deposit Buying Your First Home With Little or No Deposit With the property prices where they are today there has...
  • If you’re thinking that it could be a good time to buy your first home but aren’t sure about how you can get your foot onto the property ladder or if you have saved enough

    More...
  • 7 easy ways to add ‘wow’ to your outdoor area (and value to your home) 7 easy ways to add ‘wow’ to your outdoor area (and value to your home) Outdoor space is highly prized by home buyers, but ther...
  • Outdoor space is highly prized by home buyers, but there’s no need to spend a fortune on professional landscaping. Our seven simple projects can add value to your lifestyle – and your home. Don’t underestimate

    More...
  • The ultimate wedding cost checklist The ultimate wedding cost checklist It’s no secret that planning your wedding can be expens...
  • It’s no secret that planning your wedding can be expensive and the last thing you need for your big day is a financial headache.  With so many costs to cover - from the venue, to the

    More...
  • Five reasons you may transfer home ownership Five reasons you may transfer home ownership While selling on the open market is an obvious one, the...
  • While selling on the open market is an obvious one, there are several other reasons why you may be transferring home ownership. Here are five of these reasons, plus guidance on your legal and financial

    More...
  • Can ‘rent to buy’ schemes help young home buyers? Can ‘rent to buy’ schemes help young home buyers? The question of ‘Is it better to rent or buy?’ is a com...
  • The question of ‘Is it better to rent or buy?’ is a common one but what if there was a way to do both? While they offer a different way to get into the property

    More...
The fine print Moderation Policy

Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124. © 2019 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.