Feb 14 2012

Property Rental Increases in 2011 in Australia

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Figures released by RUN Property on Saturday 11th February 2012 showed that Sydney rents had risen by an average of 7.4% taking the average Sydney rent to $545 a week in 2011.

In Brisbane however, rents rose by an average of 3.3% taking the average Brisbane rent to $346 a week in 2011.

Melbourne rents rose by an average of 5.4% taking the average Melbourne rent up to $383 a week in 2011.

The two largest rental rise suburbs were:

  • 13.4% Fairfield, Melbourne.
  • 12.6% Edgecliff, Sydney.

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