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Change in median asking rents, quarter on quarter and year on year to June 2020

COVID-19Housing & homelessness

This graph compares hte decline in median advertised rents from both the first quarter of 2020 and the June quarter of 2019 for both houses and units in each of the state capitals, showing the immediate impact of the pandemic on unit rents in Sydney, Melbourne and Hobart. Only in Sydney and Melbourne did asking rents fall to lower than the median price for the same time the previous year. In contrast, the effect on median asking rents for houses was much smaller, barring Hobart. In Adelaide, Perth and Canberra, median asking rents remained higher than they had been during the June quarter of 2019.

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