Canberra remains the nation's most expensive capital to rent a house: Domain

Canberra remains the nation's most expensive capital to rent a house: Domain
Canberra remains the nation's most expensive capital to rent a house: Domain

Canberra has experienced the strongest annual growth in rents of all the capital cities and remains the most expensive capital city to rent a house, according to Domain. 

Its 2019 Rental Report said surging rental prices have pushed the rent price gap further ahead of Sydney by $30 a week.

There appears to be no reprieve in sight for tenants given the pace of rent rises is increasing.

Tenants have been faced with three-and-a-half-years of growing rental prices, stretching affordability by outpacing wages growth.

Canberra is the second most expensive capital city to rent a unit.

Tenants have been faced with almost four-years of rising unit rents, however the pace of unit rent growth is now slowing - a counter-intuitive scenario given the fact Canberra has experienced a development boom over recent years.

Canberra remains the nation's most expensive capital to rent a house: Domain

Source: Domain 2019 Rental Report

A three bedroom Gungahlin house currently on the rental market is priced at $590 per week (pictured below). 

The house situated at 22 Ayrton Street comes with master suite, two other bedrooms, modern kitchen, outdoor entertaining area and double garage.

It is positioned close to Yerrabi waterfront and the Gungahlin Town Centre.

Canberra remains the nation's most expensive capital to rent a house: Domain

A ground floor two bedroom apartment in Kingston is available for lease with a price of $470 per week (pictured below).

Situated in the Chamonix development, the apartment at 24/15 Howitt Street comes with open plan living and dining, two bedrooms, private paved courtyard and single carport.

It is a few minutes walk from shopping and dining precinct, Bus Depot Markets, Kingston Foreshore and Lake Burley Griffin.

Canberra remains the nation's most expensive capital to rent a house: Domain

Tags: 
Canberra Rental market

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