Month at a glance
Sydney delivered a strong month with MoM increases across nearly all unit sizes, while Adelaide continues to lead with double-digit LTM growth. Brisbane’s LTM reckoning has arrived as a July 2025 rate dip rolls out of the trailing twelve months. Melbourne’s decline continues, and Perth remains under pressure with broad-based softening.
On the supply side, Sydney and Melbourne are seeing a meaningful contraction in total units for rent, down 4.7% and 6.7% respectively, indicating solid absorption of existing inventory. Adelaide has also tightened (−2.0%), which combined with its continued rate growth, paints a strong demand picture. Perth is roughly flat, while Brisbane is the only market with a material increase in available units (+9.7%), adding context to its softening asking rates.
Total Units for Rent
LTM Change — August 2025 to July 2026
| Melbourne |
|
−6.68% |
| Sydney |
|
−4.72% |
| Adelaide |
|
−1.97% |
| Perth |
|
+2.33% |
| Brisbane |
|
+9.71% |
Greater Sydney
Positive Month
Greater Sydney posted asking rental rate increases month-over-month (MoM) across all unit sizes except 9.00m². The strongest performing units were 12.00m², 6.00m², and 13.50m², increasing by +2.22%, +2.17%, and +1.93% respectively. The weighted average unit price is sitting at Avg Rate $444 per month, 6.9% higher than this time last year.
| Size (m²) | Avg. $/Unit/mo. Jul 2026 |
Avg. Monthly Growth LTM |
Simple Growth LTM |
MoM % |
|---|---|---|---|---|
| 2.25 | $124 | (0.13%) | (1.44%) | 1.18% |
| 4.50 | $182 | 0.33% | 3.70% | 0.31% |
| 6.00 | $212 | (0.18%) | (1.95%) | 2.17% |
| 9.00 | $289 | (0.08%) | (0.92%) | (0.69%) |
| 12.00 | $387 | (0.06%) | (0.62%) | 2.22% |
| 13.50 | $407 | 0.28% | 3.11% | 1.93% |
| 18.00 | $598 | 0.49% | 5.58% | 0.07% |
Greater Melbourne
Decline Continues
In Greater Melbourne, the theme remains consistent, with asking rates declining MoM except for 2.25m² units. Despite total units for rent decreasing from the previous month, asking rates for four unit sizes fell by −1.40% or more. The weighted average unit price is sitting at Avg Rate $307 per month, 1.28% lower than this time last year.
| Size (m²) | Avg. $/Unit/mo. Jul 2026 |
Avg. Monthly Growth LTM |
Simple Growth LTM |
MoM % |
|---|---|---|---|---|
| 2.25 | $101 | (0.08%) | (0.89%) | 0.47% |
| 4.50 | $150 | (0.28%) | (3.07%) | (1.92%) |
| 6.00 | $175 | (0.90%) | (9.46%) | (2.18%) |
| 9.00 | $237 | (1.04%) | (10.90%) | (0.81%) |
| 12.00 | $322 | (0.59%) | (6.32%) | (1.43%) |
| 13.50 | $339 | (0.67%) | (7.09%) | (2.56%) |
| 18.00 | $470 | 0.02% | 0.19% | (0.47%) |
Greater Brisbane
LTM Reckoning
Greater Brisbane’s reckoning, as it relates to last twelve month (LTM) data, has been coming for some time. In July 2025, asking rental rates saw a marked decrease from the norm. Now that this data has rolled out of the LTM data set, Greater Brisbane has experienced a decline in asking rates since this time last year across all unit sizes except 18.00m². The weighted average unit price is sitting at Avg Rate $311 per month, 3.71% lower than this time last year.
| Size (m²) | Avg. $/Unit/mo. Jul 2026 |
Avg. Monthly Growth LTM |
Simple Growth LTM |
MoM % |
|---|---|---|---|---|
| 2.25 | $109 | (0.52%) | (5.59%) | (1.51%) |
| 4.50 | $159 | (0.70%) | (7.42%) | (1.00%) |
| 6.00 | $192 | (0.67%) | (7.18%) | 1.10% |
| 9.00 | $246 | (0.53%) | (5.69%) | 0.91% |
| 12.00 | $315 | (0.55%) | (5.84%) | (0.47%) |
| 13.50 | $332 | (0.39%) | (4.20%) | 0.32% |
| 18.00 | $461 | 0.03% | 0.34% | 2.30% |
Greater Perth
Under Pressure
Greater Perth was mostly flat this month, with modest decreases and increases across the board. Average monthly growth and simple growth over the LTM both illustrate a decrease in monthly asking rates overall. 12.00m² units saw the largest decrease, at −9.01%. The weighted average unit price is sitting at Avg Rate $292 per month, 6.41% lower than this time last year.
| Size (m²) | Avg. $/Unit/mo. Jul 2026 |
Avg. Monthly Growth LTM |
Simple Growth LTM |
MoM % |
|---|---|---|---|---|
| 2.25 | $116 | (0.48%) | (5.12%) | 0.54% |
| 4.50 | $154 | (0.73%) | (7.76%) | (0.07%) |
| 6.00 | $213 | (0.13%) | (1.45%) | (0.12%) |
| 9.00 | $250 | (0.73%) | (7.73%) | (1.85%) |
| 12.00 | $312 | (0.85%) | (9.01%) | (1.15%) |
| 13.50 | $334 | (0.57%) | (6.14%) | (0.64%) |
| 18.00 | $458 | (0.10%) | (1.04%) | 1.13% |
Greater Adelaide
★ Still Leading
Greater Adelaide had another strong month, with five of the seven tracked unit sizes posting increases to asking rental rates. 18.00m² and 6.00m² units were the standouts, with MoM increases of +2.31% and +2.14% respectively. The weighted average unit price is sitting at Avg Rate $312 per month, 4.35% higher than this time last year.
| Size (m²) | Avg. $/Unit/mo. Jul 2026 |
Avg. Monthly Growth LTM |
Simple Growth LTM |
MoM % |
|---|---|---|---|---|
| 2.25 | $110 | 1.26% | 14.82% | 1.63% |
| 4.50 | $153 | 0.89% | 10.21% | 0.83% |
| 6.00 | $187 | 0.42% | 4.67% | 2.14% |
| 9.00 | $249 | 0.34% | 3.85% | (0.70%) |
| 12.00 | $293 | 0.39% | 4.41% | (0.47%) |
| 13.50 | $345 | 0.75% | 8.58% | 1.30% |
| 18.00 | $425 | 0.67% | 7.59% | 2.31% |