Over the past decade, the national median rent has increased by 5.6% per year, according to SQM Research.
So a home that was renting for $500 per week in 2015 would be renting for $862 per week today.
The average property investor has therefore enjoyed strong rental growth (even as their homes have increased in value).
But national averages can hide large city-by-city differences, as the data shows:
- Adelaide = 6.6% per annum
- Hobart = 6.2%
- Perth = 5.7%
- Brisbane = 5.5%
- Melbourne = 4.7%
- Canberra = 4.5%
- Sydney = 4.3%
- Darwin = 2.9%
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