Capital City Renters Paying an Extra $15,000 Per Year Since the Pandemic: Analysis

Sydney house rents have risen by $356 weekly, adding $18,512 annually, while Perth rents climbed by $352, increasing $18,304 a year.

A photo taken on June 16, 2024 shows an aerial view of apartment blocks located in the Sydney suburb of Mascot in Australia. David Gray/AFP via Getty Images

A new analysis highlights the severe impact of rent inflation on Australians living in capital cities.

The report from Everybody’s Home, based on SQM Research data, reveals that renters in major cities are now paying $14,700 (US$9,900) more annually for houses, and close to $9,600 more for units compared to January 2020.