What the median rental price can actually get you in Australia’s capital cities — and how it compares to other countries

The cost of renting a house in Australia's capital cities has hit a new record high. (ABC News: John Gunn)

After almost a decade abroad, Daniel Sceberras is planning to move back to Australia in October this year — and he's already begun scouring Sydney rental listings.

The 40-year-old IT worker has lived in London since 2013, first in sharehouses and later in a two-bedroom apartment with his wife in Kingston upon Thames, on the outskirts of the city. The London renting experience, he says, has left a lot to be desired.