Via Domain:
| Source: Domain Rent Report, December quarter 2020 |
| UNITS – MEDIAN WEEKLY ASKING RENT |
| Capital City | Q4 2020 | QoQ Change | YoY Change |
| Sydney | $470 | -5.1% | -7.8% |
| Melbourne | $388 | -3.0% | -7.6% |
| Brisbane | $400 | 1.3% | 3.9% |
| Adelaide | $340 | 0.0% | 7.9% |
| Perth | $350 | 2.9% | 12.9% |
| Canberra | $495 | 3.1% | 3.1% |
| Darwin | $420 | 7.7% | 7.7% |
| Hobart | $400 | 0.0% | -2.4% |
| National | $432 | -3.4% | -5.7% |
| HOUSES – MEDIAN WEEKLY ASKING RENT |
| Source: Domain Rent Report, December quarter 2020 |
| Capital City | Q4 2020 | QoQ Change | YoY Change |
| Sydney | $550 | 1.9% | 4.8% |
| Melbourne | $440 | 0.0% | 2.3% |
| Brisbane | $425 | 2.4% | 3.7% |
| Adelaide | $410 | 1.2% | 5.1% |
| Perth | $420 | 6.3% | 13.5% |
| Canberra | $600 | 3.4% | 3.4% |
| Darwin | $550 | 12.2% | 10.6% |
| Hobart | $460 | 2.2% | 0.0% |
| National | $469 | 2.0% | 4.8% |
Another very good reason why Sydney and Melbourne are going to lag the global property recovery materially.
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That said, it is reasonable to expect a sharp rebound in ex-Chinese tourists and international students through H2 this year which will bring the adjustment to an end.
