The median weekly rent is a key indicator of rental market conditions, reflecting the midpoint of all rental prices in a given area. Recent data from select Australian suburbs provides insights into current rental trends.
What the data shows: Alberton consistently reports a median weekly rent of $8,000, while Point Piper shows figures of $6,125 and $5,250. Darling Point maintains a steady $5,000 median weekly rent across multiple data points.
How to interpret this: These figures suggest that Sydney’s eastern suburbs, particularly Point Piper and Darling Point, command some of the highest rental prices in Australia. Alberton’s consistently high median rent may indicate a premium rental market in that area as well.
It’s important to note that these figures represent suburb-level aggregates and provide only a snapshot of the rental market at a specific point in time. Factors such as property type, size, and specific location within each suburb can significantly influence individual rental prices.
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