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New research from CoreLogic has found that 90.0% of house markets across Australia and 91.3% in the capital cities experienced rental increases during the year to June.
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As the chart shows, the growth in house rental prices was particularly strong in Adelaide and Perth, but weak in Canberra.
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CoreLogic economist Kaytlin Ezzy said the surge in rents was mainly caused by:
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* A record level of overseas migration pushing up demand
* A lack of investor activity restricting supply
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"While annual rental increases remain fairly geographically widespread, it's likely we'll see the pace of rental growth continue to moderate over the coming months, as cumulative rental growth pushes more renters towards their affordability ceiling," she said.
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