Key takeaways
Generally low vacancy rates have eased over June but rents have continued to rise for both houses and units – particularly in Sydney and Melbourne.
Most capitals continue to report solid to strong annual house rent growth with Sydney now the top performer up by 9.4% followed by Hobart up 7.8%.
House vacancy rates remain generally low although have eased marginally over the month reflecting typically reduced demand over the winter period.
Similar to houses, capital city unit vacancy rates were mostly higher over the month but generally remain at low levels.
Generally low vacancy rates have eased over June but rents have continued to rise for both houses and units – particularly in Sydney and Melbourne.
Sydney was the top performer with house rents surging by 2.9% over the month followed by Melbourne higher by 1.7% and Adelaide up 0.8%.
Brisbane, Darwin and Perth house rents were steady over the month with Hobart falling by 0.6% and Canberra down 2.7%.
Sydney continued to report the highest capital city house rents over June and higher yet again at $875 per week with Melbourne still the most affordable but also higher again at $610 per week.
Most capitals continue to report solid to strong annual house rent growth with Sydney now the top performer up by 9.4% followed by Hobart up 7.8%.
House vacancy rates remain generally low although have eased marginally over the month reflecting typically reduced demand over the winter period.
Median Weekly Asking Rents June 2026 - HOUSES
| Rent | Month | Year | Vacancy Rate | Change | |
| Sydney | $875 | 2.9% | 9.4% | 1.4% | ↑ |
| Melbourne | $610 | 1.7% | 3.4% | 1.2% | ↑ |
| Brisbane | $700 | 0.0% | 7.7% | 0.8% | ↑ |
| Adelaide | $655 | 0.8% | 2.3% | 0.9% | ↑ |
| Perth | $750 | 0.0% | 7.1% | 0.9% | ↑ |
| Hobart | $625 | -0.6% | 7.8% | 1.0% | ↑ |
| Darwin | $850 | 0.0% | 6.3% | 0.2% | ↔ |
| Canberra | $730 | -2.7% | 3.9% | 1.5% | ↑ |
Units
Similar to houses, unit rental vacancy rates generally eased over June however rents continued to rise in most capitals.
Melbourne was the top monthly performer with unit rents rising by 6.8% followed by Sydney higher by 2.2%, Brisbane up 1.5% and Hobart increased 1.0%.
- Also read:Latest Property Price Forecasts. Australian Property Market Outlook 2026: Where To Now After The Rate Rise & Budget Changes.
- Also read:Falling Home Prices Accelerate Over June | Latest stats from Dr. Andrew Wilson
- Also read:National Weekly Auction Report – June 27th 2026 | Winter Freeze Sets in for Home Auction Markets
- Also read:Brisbane’s Auction Market Just Crashed – What the RBA’s Rate Pause Really Means for Property Investors | Property Insiders
- Also read:This week’s Australian Property Market Update – Latest Data, State by State June 23rd 2026
Perth, Darwin and Canberra rents were steady; however Adelaide unit rents fell 1.3% over the month.
Annual unit rents have increased solidly in nearly all capitals with Darwin and Sydney and now Melbourne highest up by 20.9%, 9.0% and 5.9% respectively.
Sydney also remains the clear leader for weekly unit rents and higher at $818, with Hobart still clearly the most affordable but also higher at $519 per week.
Similar to houses, capital city unit vacancy rates were mostly higher over the month but generally remain at low levels.
Median Weekly Asking Rents June 2026 - UNITS
| Rent | Month | Year | Vacancy Rate | Change | |
| Sydney | $818 | 2.2% | 9.0% | 1.4% | ↑ |
| Melbourne | $630 | 6.8% | 5.9% | 1.9% | ↑ |
| Brisbane | $680 | 1.5% | 4.6% | 1.1% | ↑ |
| Adelaide | $553 | -1.3% | 4.2% | 1.0% | ↑ |
| Perth | $700 | 0.0% | 4.5% | 0.7% | ↓ |
| Hobart | $519 | 1.0% | 4.8% | 1.0% | ↑ |
| Darwin | $650 | 0.0% | 20.9% | 0.4% | ↑ |
| Canberra | $600 | 0.0% | 0.2% | 2.2% | ↓ |
Comment
Although migration growth has continued to decline and first home buyers have surged courtesy of government policies, this has been offset by lower new supply that is contributing to maintaining low vacancy rates through 2026.
Ongoing low vacancy rates are now generating consistently higher rents with new taxation polices designed to significantly reduce investor numbers likely to exacerbate already drastic low supply of rental properties and higher rents.
