Australian Property Investor :: Rents on the rise in Australia

Investors who own units are getting nearly as much rent per week as those who own houses.

The RP Data June quarter Rent Report shows the rental rate for a house has increased by seven per cent over the past five years, but the rental rate for units has increased by 7.9 per cent.

The median rent for a unit in Sydney is now $450 a week, compared to the median rent for a house at $460. In other words, unit owners are earning pretty much the same as those with houses.

The same applies in other cities. The median rent for a unit in Melbourne is just $10 less than for a house, and in Brisbane it’s just $5 less for a unit than a house.

For more details on this article from Australian Property Investor, click below

Australian Property Investor :: Rents on the rise in Australia.

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About davidcutlerproperty
David Cutler is a highly successful sales consultant at Gary Peer Caulfield. David provides clients with six star service customised to their individual needs. From formulating marketing strategies, through to completing contracts, he is diligent, dedicated and highly motivated to achieve the best results. His growing base of happy clients is testament to his ability to develop strong relationships based on mutual respect and integrity. When he is not busy selling property David spends quality time with his young family. And when time permits he also enjoys on and off road cycling and is an avid fan of rugby union’s Springboks.

2 Responses to Australian Property Investor :: Rents on the rise in Australia

  1. Akram says:

    This seems to parallel a trend in the building sector. I heard on ABC radio that renters are moving into units or rather that there is a decline in demand for detached living in higher density areas and units are being built rather than houses – of course space and cost-efficiency would also come into play here.But I wonder if the perception is still out there that units are a lot cheaper to rent than houses. Great articles here, thanks for the insights David.

    • Units are becoming popular for people who cant be fussed with upkeep of a property and associated costs. In the high end, people are downsizing to luxury apartments as well. Unit rental is still less that detached living, this is however dependant on the area and location.

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