Why buying off-the-plan is 2022’s golden opportunity

State-by-State snapshot

  • Sydney

First time in 14 years that unit rents have risen at the current annual pace and have outpaced house rents in the first half of 2022. Unit rents are now higher than at the start of the pandemic.

  • Melbourne

Unit rents are rising faster than house rents over the quarter as affordability makes units an attractive option.

Inner Melbourne units are at the front of this recovery, and if rents continue to rise at the current pace, they are on track to set a new record high next quarter.

  • Brisbane

Affordability constraints of renting a house are directing demand to units. The return of international students is also helping to support elevated rental demand, particularly for centrally located units.

  • Adelaide

Lack of rental supply is a severe issue across Adelaide, with intense competition between tenants as the potential number of renters per listing soars 75% above the five-year June average.

  • Canberra

In the longest-running streak of escalating asking rents in Canberra’s history, unit rents are rising at the quickest pace since 2011. Canberra is now the most expensive capital city to rent in Australia, a title held by units for almost two years.

  • Perth

Tenants are operating in a severely undersupplied rental market that firmly favours landlords. Gross rental yields are at the highest point on record for Perth, making it the second-highest yielding capital city.

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