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Canberra has cemented itself as Australia's most expensive city for both house and apartment renters during the pandemic.
The national capital's vacancy rate of 0.8 per cent is half the national average and is significantly tighter than Sydney or Melbourne.
In another surprise, Melbourne is now the third cheapest capital city market for renters despite being Australia's second most populated city.
Tenants leasing a house in Canberra were paying a median rent of $716 a week in October, following a 13.9 per cent rise during the past year, new SQM Research data has revealed.
Canberra has cemented itself as Australia's most expensive city for house and apartment renters during the pandemic. The national capital's vacancy rate of 0.8 per cent is half the national average and is significantly below Sydney and Melbourne level of available properties (pictured is Parliament House)
This was dearer than Sydney's mid-point rent of $704 and well above the capital city average of
