The best rental markets in each state revealed

19 APR 2021 By Bianca Dabu 7 min read Hotspots

With house rent prices hitting record highs across the nation, find out which areas are leading Australia’s rental market growth.

aerial view suburban Sydney housing spi

National house rents have increased by 0.6 of a percentage point over the March 2021 quarter, bringing the median weekly asking rent to $471, the latest Domain Rent Report has found.

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Over the same quarter, most capital cities have seen median house rental asking prices hold steady or increase, with Hobart leading the charge at a 4.3 per cent rise. Only Melbourne saw house rents decrease, by 2.3 per cent.

In fact, the report flagged that house rents in most capital cities have hit record highs — once again, with the exception of Melbourne, along with Perth and Darwin.

However, based on annual results, Perth and Darwin saw the greatest rises in median asking rent for both houses and units, with prices increasing by as much as $70 in some areas.

Perth, in particular, has witnessed “the highest asking rents in almost six years”, according to Domain.

With outstanding results across most states, find out which areas have emerged as winners in the rental race:

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