General
Melbourne could soon become the cheapest city for renters, while Canberra remains the most expensive
House rents have hit record highs in every capital city in Australia except Melbourne, Perth and Darwin.
Key points:
- Canberra remains the country’s most expensive capital city for renters
- Melbourne is now one of the cheapest cities in Australia to rent a house or unit
- Perth and Darwin have experienced the largest increases in rental prices of any other capital city
But for the first time on record, Melbourne has become the second-most-affordable capital city in Australia in which to rent a house, equal with Perth and behind Adelaide.
Melbourne could become the most affordable city in the country in which to rent a house and unit this year, if present trends continue.
That’s the finding from Domain’s latest quarterly rent report,…
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