Perth continues to experience rent increases as the median price for renting out a house goes up to $450 per week. In the past year, rent prices have increased by 15% in Perth. For a unit in Perth, the price is at $390 per week, which is up 11% over the past year.
The only comfort we can get out of the recently released figures is that Darwin still holds the highest rent rates in the country at a massive $700 per week for a house in Darwin and $530 per week for units. In the past year, the Top End has experienced a rent surge of 27% which has caused some companies to reconsider their operational costs and relocate staff to other parts of Australia. Sydney is second in rent prices with a house costing $520 per week on average to rent.
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