Good news for renters across Australia - except in one state

Sydney, which has experienced some of the fastest price growth, has recorded a 0.28 percentage point lift over the past three months.Brisbane was the only capital city market to tighten further, but Perth and Adelaide still have the lowest vacancy rates of the urban centres.

The combined regional rate ticked up slightly despite several state regional markets tightening over the month. A separate Suburbtrends report found rental pain was most acute in Queensland, South Australia and NSW. The index, which factored in metrics such as vacancy rates, rental increases and average rent as a percentage of income, found Queensland was the toughest state for renters.

Renters in the sunshine state have endured the largest average 12-month rental increase — a 16.33 per cent jump — according to the analysis.

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