Data confidence level:
How much does it cost to rent an apartment in Australia? Unsurprisingly, this number varies dramatically depending on size and suburb, and there is also great disparity between cities. This FACT indicates the median rental rate for a house in each Australian capital city. The median has been utilised as it gives a more accurate reflection of the overall data set. The median value is the middle price in a series of sales, where half of the sales are of lower value and half are of higher value. Here, all house types and sizes have been considered. The data is represented in thousands and represents the statistics for July 2015. In Australia, rent and mortgage repayments are generally calculated in weekly instalments, and so the data here represents weekly repayments.