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Monday, November 25, 2024

Looking for a rental in Canberra? Here are the cheapest suburbs

Canberra has maintained its title as the most expensive capital city in the country to rent, according to CoreLogic’s latest Rental Review for the June quarter.

A typical house now costs a renter a median of $759 per week, while a typical unit costs a median of $573 per week.

Rental values rose by 2.2 per cent over the quarter, with the median rent for both houses and units hitting $690 per week – a rise of 9.3 per cent in just 12 months.

If you’re looking for a rental property in Canberra, here’s an up-to-date list of the five most affordable and most expensive suburbs to rent a home in Canberra.

5 most affordable Canberra suburbs to rent (houses and units)

Hawker

Median valueMedian rentMonthly changeAnnual change
$469,027$5040.2%9.7%

Gungahlin

Median valueMedian rentMonthly changeAnnual change
$488,717$528-0.2%8.4%

Greenway

Median valueMedian rentMonthly changeAnnual change
$570,481$5280.8%5.7%

Phillip

Median valueMedian rentMonthly changeAnnual change
$515,961$5320.1%7.9%

Watson

Median valueMedian rentMonthly changeAnnual change
$591,938$5340.9%9.2%

5 most expensive Canberra suburbs to rent (houses and units)

Denman Prospect

Median valueMedian rentMonthly changeAnnual change
$1,426,943$1,0751.7%18.3%

Campbell

Median valueMedian rentMonthly changeAnnual change
$2,032,707$986-0.2%8.7%

Wright

Median valueMedian rentMonthly changeAnnual change
$1,200,612$9680.7%14.1%

Coombs

Median valueMedian rentMonthly changeAnnual change
$1,186,173$9540.7%13.7%

Throsby

Median valueMedian rentMonthly changeAnnual change
$1,235,391$9230.4%9.5%

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