Rental market report, June quarter 2025
Rents on new leases rose in every state with figures in the year to the June quarter 2025. South Australia rose the most (8.0%) and Queensland the least (3.5%).
The states at a glance
All homes, June quarter 2025
| State | Median weekly rent | 1 year | New leases | Leases, 1 year |
|---|---|---|---|---|
| New South Wales | $680 | +4.6% | 71,858 | −3.3% |
| Queensland | $600 | +3.5% | 53,417 | +1.1% |
| South Australia | $540 | +8.0% | 13,335 | +3.5% |
| Tasmania | $470 | +4.4% | 3,470 | −2.9% |
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 $680 a week in the June quarter 2025, up 4.6% on a year earlier.
It fell 1.4% on the quarter before. This time of year usually runs 0.5% below the trend, so the change over the year is the fairer one to go by.
71,858 new leases were signed, 3.3% fewer than a year earlier. That suggests fewer renters moved.
A 2-bedroom unit went for a median of $720 (up 2.9%) and a 3-bedroom house for $650 (up 8.3%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Ultimo (2007) | $720 | +38.7% | 259 |
| Sydney and Haymarket (2000) | $1,050 | +27.3% | 988 |
| Warilla and Barrack Heights (2528) | $650 | +22.6% | 160 |
| Padstow and Padstow Heights (2211) | $800 | +17.7% | 103 |
| Swansea and Caves Beach (2281) | $700 | +16.7% | 103 |
Biggest falls over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Jindabyne and East Jindabyne (2627) | $950 | −13.6% | 146 |
| Katoomba and Leura (2780) | $530 | −7.8% | 105 |
| Summer Hill (Inner West) (2130) | $648 | −7.4% | 140 |
| Bronte and Waverley (2024) | $915 | −6.9% | 153 |
| Chester Hill and Sefton (2162) | $655 | −6.4% | 122 |
Queensland
Figures published by Residential Tenancies Authority (Queensland)
New tenants in Queensland paid a median of $600 a week in the June quarter 2025, up 3.5% on a year earlier.
It rose 3.4% on the quarter before. This time of year usually runs 0.6% below the trend, so the change over the year is the fairer one to go by.
53,417 new leases were signed, 1.1% more than a year earlier.
A 2-bedroom unit went for a median of $610 (up 5.2%) and a 3-bedroom house for $595 (up 7.2%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Edmonton | $610 | +22.0% | 103 |
| Maryborough | $440 | +18.9% | 103 |
| Broadbeach | $890 | +18.7% | 269 |
| Newtown (Toowoomba) | $480 | +17.1% | 158 |
| Taringa | $650 | +16.1% | 119 |
Biggest falls over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Kelvin Grove | $425 | −15.0% | 273 |
| Sippy Downs | $490 | −10.9% | 175 |
| Acacia Ridge | $430 | −9.5% | 155 |
| Coopers Plains | $460 | −6.1% | 101 |
| Camp Hill | $720 | −4.0% | 107 |
South Australia
Figures published by South Australian Housing Trust
New tenants in South Australia paid a median of $540 a week in the June quarter 2025, up 8.0% on a year earlier.
It rose 8.0% on the quarter before.
13,335 new leases were signed, 3.5% more than a year earlier.
A 2-bedroom unit went for a median of $490 (up 8.9%) and a 3-bedroom house for $560 (up 5.7%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Port Lincoln | $450 | +12.5% | 135 |
| Elizabeth Downs | $480 | +9.1% | 100 |
| Salisbury | $505 | +8.6% | 105 |
| Port Augusta | $325 | +8.3% | 100 |
| Morphett Vale | $550 | +7.3% | 155 |
Biggest falls over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Campbelltown | $600 | −4.4% | 105 |
Tasmania
Figures calculated from bond records published by Department of Justice (Tasmania)
New tenants in Tasmania paid a median of $470 a week in the June quarter 2025, up 4.4% on a year earlier.
It fell 1.1% on the quarter before.
3,470 new leases were signed, 2.9% fewer than a year earlier. That suggests fewer renters moved.
A 2-bedroom unit went for a median of $445 (up 5.9%) and a 3-bedroom house for $500 (up 4.2%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Devonport and East Devonport (7310) | $450 | +12.5% | 154 |
| West Hobart and Hobart (7000) | $520 | +10.6% | 228 |
| South Hobart and Battery Point (7004) | $550 | +10.5% | 106 |
| Moonah and West Moonah (7009) | $530 | +10.4% | 113 |
| New Town and Lenah Valley (7008) | $500 | +8.7% | 106 |
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.