Rental market report, June quarter 2026
Rents on new leases rose in every state with figures in the year to the June quarter 2026. Tasmania rose the most (12.8%) and South Australia the least (3.7%).
The states at a glance
All homes, June quarter 2026
| State | Median weekly rent | 1 year | New leases | Leases, 1 year |
|---|---|---|---|---|
| New South Wales | $720 | +5.9% | 69,642 | −3.1% |
| Queensland | $650 | +8.3% | 53,770 | +0.7% |
| South Australia | $560 | +3.7% | 13,950 | +4.6% |
| Tasmania | $530 | +12.8% | 3,828 | +10.3% |
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 $720 a week in the June quarter 2026, up 5.9% on a year earlier.
That's unchanged from the quarter before.
69,642 new leases were signed, 3.1% fewer than a year earlier. That suggests fewer renters moved.
A 2-bedroom unit went for a median of $750 (up 4.2%) and a 3-bedroom house for $660 (up 1.5%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Darling Point and Edgecliff (2027) | $1,200 | +26.3% | 150 |
| Kingscliff and Casuarina (2487) | $1,000 | +25.0% | 139 |
| Balgowlah and Manly Vale (2093) | $995 | +18.5% | 171 |
| Gladesville (2111) | $760 | +17.3% | 153 |
| Banora Point and Tweed Heads South (2486) | $875 | +15.1% | 116 |
Biggest falls over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Jindabyne and East Jindabyne (2627) | $825 | −13.2% | 179 |
| Lambton and North Lambton (2299) | $455 | −9.0% | 172 |
| Padstow and Padstow Heights (2211) | $745 | −6.9% | 100 |
| North Sydney and Waverton (2060) | $820 | −3.5% | 339 |
| Narrabeen and North Narrabeen (2101) | $900 | −3.2% | 147 |
Queensland
Figures published by Residential Tenancies Authority (Queensland)
New tenants in Queensland paid a median of $650 a week in the June quarter 2026, up 8.3% on a year earlier.
It rose 4.8% on the quarter before.
About the same number of new leases were signed as a year earlier (53,770).
A 2-bedroom unit went for a median of $650 (up 6.6%) and a 3-bedroom house for $630 (up 5.9%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Annerley | $600 | +20.0% | 248 |
| Coolangatta | $900 | +20.0% | 134 |
| West End (Brisbane) | $780 | +20.0% | 422 |
| Darling Heights | $295 | +19.4% | 103 |
| Burleigh Waters | $1,095 | +18.4% | 101 |
Biggest falls over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Herston | $289 | −9.4% | 115 |
| Moranbah | $550 | −8.3% | 172 |
| Aspley | $600 | −6.3% | 120 |
| Brisbane City | $610 | −6.2% | 874 |
| Sunnybank | $580 | −3.3% | 112 |
South Australia
Figures published by South Australian Housing Trust
New tenants in South Australia paid a median of $560 a week in the June quarter 2026, up 3.7% on a year earlier.
It rose 1.8% on the quarter before.
13,950 new leases were signed, 4.6% more than a year earlier.
A 2-bedroom unit went for a median of $507.50 (up 3.6%) and a 3-bedroom house for $595 (up 6.3%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| North Adelaide | $660 | +20.0% | 130 |
| Adelaide | $520 | +13.3% | 1,300 |
| Mawson Lakes | $620 | +12.7% | 135 |
| Mount Gambier | $450 | +12.5% | 275 |
| Port Lincoln | $500 | +11.1% | 130 |
Tasmania
Figures calculated from bond records published by Department of Justice (Tasmania)
New tenants in Tasmania paid a median of $530 a week in the June quarter 2026, up 12.8% on a year earlier.
It rose 1.9% on the quarter before.
3,828 new leases were signed, 10.3% more than a year earlier.
A 2-bedroom unit went for a median of $480 (up 7.9%) and a 3-bedroom house for $550 (up 10.0%).
Biggest rises over the year
| Place | Median | 1 year | New leases |
|---|---|---|---|
| Sandy Bay (7005) | $592.50 | +18.5% | 152 |
| South Launceston and Kings Meadows (7249) | $550 | +17.0% | 174 |
| West Hobart and Hobart (7000) | $600 | +15.4% | 205 |
| Newnham and Mowbray (7248) | $500 | +14.9% | 194 |
| Park Grove and nearby (7320) | $450 | +12.5% | 135 |
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.