Canberrans renting their homes are paying $45 – $205 more per week than renters in other Australian capital cities, according to the Domain Rental Report for the June 2020 quarter.
The report found Canberra remains the most expensive city to rent a house in Australia with a median asking rent of $575 per week, up from $550 per week last year. Sydney was the second most expensive city at $530 per week while Perth was the most affordable at $370. Canberra’s median weekly asking rent for a home amounts to almost $30,000 a year.
“Canberra renters are unfairly paying more because of Labor’s rent taxes and monopoly of land supply,” Leader of the Canberra Liberals Alistair Coe said.
“Every year Labor’s tax increases pushes up the cost of rent and increases the cost of living burden on families, students and households.
“Now more than ever, we need to lower taxes and reduce cost of living burdens on families.
“Only the Canberra Liberals will reduce cost of living for families by freezing rates and delivering rent relief from day one.
“Our plan to lower taxes will reduce pressures on so many renters who are doing it tough,” Mr Coe said.
House rents have increased 28 per cent and unit rents 22 per cent in five years.