Canberra has ended its reign as the nation's most expensive city in which to rent a house, following its steepest quarterly rent price decline in nearly a decade.
The latest Domain Rent Report, released Thursday, revealed house rents in the Australian capital had completely bucked the national trend - instead of posting record gains, rent prices fell by 2.2 per cent over the June quarter, dropping to $675 a week from $690.
Sydney has overtaken Canberra following a massive surge in house rents in the harbour city - prices there have now reached a record $700 a week.
