Canberra lays claim to Australia's priciest rents
COVID-19 has knocked Sydney off its perch as Australia’s most expensive city to rent a home, with that title now belonging to Canberra.
Canberra rents didn't rocket in 2020, but steady growth has placed Australia's capital at the top of the rents tree. Photo: Shutterstock (Image source: Shutterstock.com)
COVID-19 has knocked Sydney off its perch as Australia’s most expensive city to rent a home, with that title now belonging to Canberra.
SQM Research’s analysis of rental markets showed the median rent for Sydney houses fell by 7.6 per cent in 2020 to $632.90 per week, while Canberra houses recorded a 3.6 per cent rise over the year to land at $656.70/week.
Rents for Sydney units plunged by 10.3 per cent in 2020, finishing the year at $444.4/wee…
