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The Guardian - AU

National

Caitlin Cassidy

Rental prices in Australian capital cities spike by up to 21% as available housing plummets

Australia Louis Christopher SQM Research Victoria

Houses in Brisbane — Houses rental prices in Brisbane are up 21.2% compared to this time last year, while vacancy rates are low at 1.9%. Photograph: Bloomberg/Getty Images

The cost of renting a house has soared by up to 21.2% in Australia’s capital cities, with further rises expected as the national rental crisis deepens.

Over the past 12 months, capital city house rents have recorded price increases of 14.7% while rental units have risen by 11.2%, SQM Research has found.

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