by Sanjeev Sah | May 09, 2023 | Market Updates

Rents are, once again, accelerating across Australia after CoreLogic’s national rental index jumped 2.5% in the March quarter from 2.0% in the December quarter. 

As the table below shows, the largest quarterly rental increases were seen in Melbourne (3.7%), Perth (3.6%) and Sydney (3.4%).  

Perth had the strongest annual figures, with rents up 12.8% over the 12 months to March, followed by Sydney (12.6%) and Brisbane (12.3%).