‘Australia is a landlord’s market’: rents still at record high despite slow growth, report shows

Kingsford Smith, Bradfield, Sydney, and Warringah in New South Wales and Fadden in Queensland are the five most expensive electorates, data shows

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Rents are growing at the slowest rate in four years thanks in part to increased supply, but are still at record highs, Domain’s March Quarterly report has revealed.

It comes as Anglicare Australia launches a heat map showing rental affordability in each electorate, with Kingsford Smith, Bradfield, Sydney, and Warringah in New South Wales and Fadden in Queensland the five least-affordable electorates in the country.

7.7% in Darwin to $700 per week;

6.2% in Perth to $690 per week;

5.1% in Adelaide to $620 per week;

4.8% in Brisbane to $650 per week;

3.6% in Hobart to $570 per week;

3.35% in Sydney to $775 per week;

2.2% in Canberra to $700 per week; and

1.8% in Melbourne to $580 per week.

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