Capital City Rents

Australian Capital City Rent Trends Analysis (Mar 2023-Mar 2024)

Rent Trends in Australian Capital Cities: Mar 2023-Mar 2024

This article breaks down the latest data on median rent prices for houses and units in Australia's capital cities and their regions, from March 2023 to March 2024.

House Rent Trends: A Slow Climb

In cities like Sydney, rent for houses has slowly gone up, moving from $650 to $730 in a year. This shows a market that's getting tighter, making it harder for people to find affordable homes. On the other hand, in places like the Australian Capital Territory, house rents haven't changed much, staying around $680 from mid-2023. This could mean there's a good balance between how many houses are available and how many people want them.

Unit Rent Trends: The City Attracts

For units, Sydney shows a strong increase from $550 to $670, suggesting that more people want to live in the city. Melbourne's units also saw a rise, from $450 to $530, indicating a growing demand for living closer to city centers.

Differences Between Cities and Regions

The gap between the cities and their surrounding areas is clear. While city rents are going up, areas outside the main cities like the Rest of SA and Rest of Tas. for units have seen smaller increases. This tells us that the demand in cities is much higher than in regional areas.

What This Means for You

If you're looking to rent, knowing these trends can help you make better choices. And if you're investing in property, these insights can guide you to focus on areas with growing demand.


The past year has shown a steady rise in rent prices, especially in bigger cities. As we move forward, it's important for renters and investors to keep an eye on these trends to make informed decisions.

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