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AAP
AAP
Business
Jack Gramenz

BIZARRE: Rents hit record high as housing shortfall bites hard - What They Never Told You

Cottesloe in Perth is one of the few suburbs outside Sydney to attract four-figure rents. (Richard Wainwright/AAP PHOTOS)

Australia's growing cohort of renters are being pushed further to the fringes of capital cities as rents hit a record high.

The median rent across the nation is $627 a week, ranging from $547 in Hobart to $770 in Sydney, according to property data provider CoreLogic.

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