Rent.com.au has released its latest report based on property leasing data for the month of July 2017. The report illustrates the shift in median rental property prices (both metro and regional), rental affordability (the median room price metric) and the price of apartment and house living by Walk Score

ljgrealestate

Report highlights:

RENT’s July report reveals that while prices remained stable across most Australian metro areas, Sydney and Adelaide saw apartment rents languish; prices in the New South Wales and South Australian capitals dropped 1.37 per cent and 3.45 per cent from June to July. House prices also stagnated in Brisbane, dropping 1.2 per cent to $410/week.

July’s results follow the recent release of RENT’s Quarter 2 report, which saw price shifts in four out of the eight state capitals across all property types. Considering dwelling type, it was good news for Northern Territory investors, who would have seen a decrease in time on market for both apartments (41 days down from 48) and houses (now 38 days from 42).

Metro area Apartments % change Houses % change Price per room % change
Sydney $540 -1.37% $600 0.00% $275.00 -1.79%
Melbourne $400 2.56% $410 2.50% $170.00 3.03%
Brisbane $395

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