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In certain states, this has meant an increase of over $250 per week compared to rates before the pandemic.
How does your state compare?
Tasmanians now pay $430 a week on average, up from $270 before the pandemic.
Western Australia has had the steepest rise in rents, but NSW has the highest median rental price. Source: SBS News
Here’s how median weekly rent looks across the country:
- NSW: $650 (Previously: $480)
- Western Australia: $613 (Previously: $350)
- ACT: $595 (Previously: $480)
- Northern Territory: $560 (Previously: $430)
- Queensland: $560 (Previously: $380)
- Victoria: $520 (Previously: $385)
- South Australia: $495 (Previously: $325)
- Tasmania: $430 (Previously: $270)
While rental price increases in capital cities have finally slowed, living in regional areas remains more affordable. Source: SBS News
Is living further from the CBD cheaper?
Currently, rents in capital cities remain elevated, although the rate of increase has decelerated. As of April 2025, annual rental inflation in these areas has slowed to approximately 5.5 percent, a decrease from its peak of 8.5 percent in late 2023.
While rents in some regional areas have caught up, it’s still a more affordable rental option than the CBD — though the gap has narrowed in recent years.
The data says it could be cheaper to live just outside of the CBD. Source: SBS News
Should you stay or should you go?
Existing tenants haven’t been spared either. Around 82 per cent of renters who stayed in place experienced a rent increase by late 2023.
Even if you choose to stay, you might still be hit with a rental increase. Around 82 per cent of renters who stayed in place experienced a rent increase by late 2023. Source: SBS News
