Greater Sydney retains the crown for the highest asking rates in the country for another month. Perth continues to be a close contender and has now reached pricing parity in the 6.00m² product, which was the only product to appreciate in Greater Sydney month-over-month (MoM).
Being based in Brisbane, we’re familiar with short winters and long summers. July was chilly, literally and metaphorically. As of August 2025, however, it seems winter is over: rental rate growth has rebounded alongside warmer temperatures. Of the seven product types tracked, five posted double-digit gains, with all asking rates now equal to, or higher than, their position prior to the downturn.
Greater Sydney and Greater Melbourne continued their gradual decline in asking rates across most sizes. Greater Perth held steady for the most part, with smaller product (4.5m² or lower) posting MoM declines to bring asking rates down to the lowest point in six months.
Greater Adelaide saw asking rates decline across the board, which has resulted in most products being at, or below, the lowest asking rates in the previous twelve months.
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