Darwin recorded the highest median rent growth for the nation in both the housing and unit markets, according to Australian Property Monitors. Median rents for houses increased by 7.7 percent over the quarter, while median rent for units was up by 10.4 percent.
Nationally median weekly asking rents increased by 1.6 percent for houses, and 0.2 percent for units, over the three months to September 2012, according to Australian Property Monitors.
Australian Property Monitors’ Rental report found Darwin recorded the highest quart-on-quarter rise, of 7.7 percent, for median weekly rents in its housing market. Darwin also recorded the biggest jump in median rents for units - up 10.4 percent over the quarter.
Perth followed, median rents for houses were up 4.7 percent, and unit median rent was up by 2.6 percent.
In Sydney, the median rent for houses increased by 4.0 percent, the third highest nationally. Units, however, recorded no growth in rent over the period.
Brisbane and Adelaide recorded no growth in median rents for houses over the period. Adelaide unit rents decreased in median price by 1.8 percent, while in Brisbane unit median rent increased by 1.4 percent, the third highest nationally.
Melbourne unit and house median rents recorded no growth over the period.
Canberra saw a decline in median rents for houses and units, down 1.0 percent and 2.3 percent, respectively.
Hobart saw a rise of 2.4 percent for its housing market median rent. But a decline of 3.8 percent for the median unit rent.
Source: Australian Property Monitors
