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flag Australian rents hit record highs in 2026, led by Sydney at $800 weekly, driven by demand and supply shortages.

flag Rents in Australian capital cities hit record highs in 2026, with Sydney leading at $800 weekly, followed by Brisbane at $670, which saw the largest quarterly increase due to strong demand and limited supply. flag Melbourne remained the most affordable capital at $580 weekly, the lowest in the country, with no recent rent growth. flag Experts attribute rising rents elsewhere to population shifts from expensive urban centers to greenfield and outer suburban areas. flag Despite its current affordability, Melbourne is projected to see strong long-term rental growth after the early 2030s.

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