Australian renters hit with steepest quarterly hike in 17 years: Here's how ... trends now

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Australia's long-suffering renters cannot get any relief.

Asking rents started rising again in the first quarter as the typically busy start-of-year changeover period collided with an already hot market.

The median cost of renting a house in the combined capitals reached a new record of $630 a week, according to real estate platform Domain, and recorded its sharpest quarterly gain in 17 years.

Advertised house rents rose five per cent over the quarter in the nation's urban centres, with units also up a solid 3.3 per cent to a new record median asking price of $620.