Canberra has had the highest rental prices of all capital cities for almost a year.
Its median rent, including houses and units, is $633 a week, according to data firm CoreLogic’s latest report.
That is significantly higher than Sydney’s ($595) and far above the typical rent in an Australian city ($500).
National Shelter, a housing lobby group, said the ACT market was particularly horrific for poorer renters, as they must compete with much higher-paid Canberrans.
At least one solution may provide a solution for some unveiled in the territory this week was the latest “build-to-rent” project: housing complexes dedicated to renters.
