Rental market report, December quarter 2025
Rents on new leases rose in every state with figures in the year to the December quarter 2025. Tasmania rose the most (8.7%) and New South Wales the least (4.5%).
The states at a glance
All homes, December quarter 2025
| State | Median weekly rent | 1 year | New leases | Leases, 1 year |
|---|---|---|---|---|
| New South Wales | $700 | +4.5% | 70,839 | −5.8% |
| Queensland | $625 | +7.8% | 56,390 | +3.5% |
| South Australia | $550 | +5.8% | 13,210 | +2.1% |
| Tasmania | $500 | +8.7% | 3,388 | −3.5% |
Victoria, Western Australia, the ACT and the Northern Territory are missing. They don't publish current bond figures.
New South Wales
Figures published by NSW Department of Communities and Justice
New tenants in New South Wales paid a median of $700 a week in the December quarter 2025, up 4.5% on a year earlier.
That's unchanged from the quarter before.
70,839 new leases were signed, 5.8% fewer than a year earlier. That suggests fewer renters moved.
A 2-bedroom unit went for a median of $745 (up 6.4%) and a 3-bedroom house for $650 (up 3.2%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Ultimo (2007) | $700 | +29.9% | 297 |
| Lambton and North Lambton (2299) | $503 | +22.7% | 206 |
| Lindfield and East Lindfield (2070) | $980 | +21.7% | 129 |
| Corrimal and Bellambi (2518) | $650 | +20.4% | 131 |
| Annandale (2038) | $820 | +18.8% | 117 |
Biggest falls over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Petersham and Lewisham (2049) | $670 | −8.8% | 199 |
| Beacon Hill and Allambie Heights (2100) | $790 | −8.5% | 155 |
| Greenacre (2190) | $750 | −6.3% | 122 |
| Seven Hills and Lalor Park (2147) | $600 | −4.8% | 267 |
| Cammeray (2062) | $800 | −4.2% | 104 |
Queensland
Figures published by Residential Tenancies Authority (Queensland)
New tenants in Queensland paid a median of $625 a week in the December quarter 2025, up 7.8% on a year earlier.
It rose 4.2% on the quarter before. This time of year usually runs 1.0% above the trend, so the change over the year is the fairer one to go by.
56,390 new leases were signed, 3.5% more than a year earlier.
A 2-bedroom unit went for a median of $625 (up 7.8%) and a 3-bedroom house for $620 (up 8.8%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Brisbane City | $610 | +35.6% | 972 |
| Kingaroy | $525 | +31.3% | 104 |
| Bundamba | $575 | +21.1% | 113 |
| Berserker | $480 | +20.0% | 101 |
| Gympie | $540 | +20.0% | 159 |
Biggest falls over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Redcliffe | $455 | −18.8% | 227 |
| Moranbah | $540 | −10.0% | 137 |
| Sippy Downs | $510 | −7.3% | 165 |
| Spring Hill | $540 | −6.1% | 223 |
| Herston | $319 | −5.9% | 137 |
South Australia
Figures published by South Australian Housing Trust
New tenants in South Australia paid a median of $550 a week in the December quarter 2025, up 5.8% on a year earlier.
It rose 3.8% on the quarter before.
13,210 new leases were signed, 2.1% more than a year earlier.
A 2-bedroom unit went for a median of $500 (up 8.7%) and a 3-bedroom house for $580 (up 5.5%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Campbelltown | $640 | +17.4% | 110 |
| Prospect | $580 | +16.0% | 170 |
| Adelaide | $514.50 | +14.6% | 1,050 |
| North Adelaide | $650 | +14.0% | 130 |
| Mount Gambier | $430 | +13.2% | 270 |
Biggest falls over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Norwood | $600 | −7.7% | 100 |
Tasmania
Figures calculated from bond records published by Department of Justice (Tasmania)
New tenants in Tasmania paid a median of $500 a week in the December quarter 2025, up 8.7% on a year earlier.
It rose 4.2% on the quarter before.
3,388 new leases were signed, 3.5% fewer than a year earlier. That suggests fewer renters moved.
A 2-bedroom unit went for a median of $460 (up 5.8%) and a 3-bedroom house for $550 (up 10.0%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Sandy Bay (7005) | $550 | +14.6% | 153 |
| Devonport and East Devonport (7310) | $480 | +13.6% | 170 |
| South Launceston and Kings Meadows (7249) | $540 | +12.5% | 147 |
| Newnham and Mowbray (7248) | $470 | +11.9% | 151 |
| Riverside and nearby (7250) | $510 | +10.9% | 360 |
About this report
This report writes itself from the figures on this site. They're medians of new leases as each state published them, except Tasmania, where we work them out from the bond records. Rises and falls only count postcodes and suburbs with 100 or more new leases in the quarter. We leave out any figure our quality checks flagged for review (a move of more than 40% in a year). States sometimes revise past figures. This report uses the figures as we held them when it was built. For the details, see the methodology and the sources.