{"id":177493,"date":"2025-01-03T15:30:05","date_gmt":"2025-01-03T04:30:05","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=177493"},"modified":"2024-12-17T12:50:32","modified_gmt":"2024-12-17T01:50:32","slug":"youll-never-believe-the-most-affordable-regions-to-rent-in-australia","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/youll-never-believe-the-most-affordable-regions-to-rent-in-australia\/","title":{"rendered":"You\u2019ll never believe the most affordable regions to rent in Australia"},"content":{"rendered":"

Do you know which areas or suburbs in Australia are leading in terms of rental affordability?<\/p>\n

Or have you wondered how your suburb ranks in terms of rent prices compared to the rest of the country?<\/p>\n

\r\n

<\/div>By now we\u2019re all aware that Australia is going through a rental crisis<\/a>, with soaring rents and a lack of affordable housing causing significant distress for many people.<\/p>\n

The ongoing severe undersupply and growing demand have forced rents skywards, which is pushing renters to consider more affordable options.<\/p>\n

As of September, the national median rent of properties advertised on realestate.com.au was 1.7% higher than the previous quarter at $610 per week.<\/p>\n

\"pencil<\/picture><\/span>

Note: <\/span>Over the 12 months to September 2024, advertised rents increased by 7% or $40 per week.<\/p><\/div><\/div>\n

The 7% annual rise was exactly half of the 14% annual increase in rents recorded over the year to September 2023.<\/p>\n

It was also the slowest annual growth in rents since September 2021.<\/p>\n

SQM\u2019s latest data shows that the national median advertised rent was $704 per week for houses<\/strong> and $619 per week for units<\/strong>.<\/p>\n

Over the past year, house rents increased by 6.9% as unit rents increased by 9.1%.<\/p>\n

And it\u2019s Hobart which stands out as the capital city with the lowest highest share of affordable rental listings, but Melbourne suburbs dominate the top 10 lists.<\/p>\n

House weekly asking rents:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Capital City<\/th>\nSep-24<\/th>\nSep-23<\/th>\nQoQ<\/th>\nYoY<\/th>\n<\/tr>\n<\/thead>\n
Sydney<\/td>\n$775<\/td>\n$720<\/td>\n2.0%<\/td>\n7.6%<\/td>\n<\/tr>\n
Melbourne<\/td>\n$580<\/td>\n$550<\/td>\n0.0%<\/td>\n5.5%<\/td>\n<\/tr>\n
Brisbane<\/td>\n$625<\/td>\n$590<\/td>\n-0.8%<\/td>\n5.9%<\/td>\n<\/tr>\n
Adelaide<\/td>\n$600<\/td>\n$550<\/td>\n0.8%<\/td>\n9.1%<\/td>\n<\/tr>\n
Perth<\/td>\n$660<\/td>\n$600<\/td>\n1.5%<\/td>\n10.0%<\/td>\n<\/tr>\n
Canberra<\/td>\n$680<\/td>\n$660<\/td>\n-0.7%<\/td>\n3.0%<\/td>\n<\/tr>\n
Darwin<\/td>\n$680<\/td>\n$650<\/td>\n3.0%<\/td>\n4.6%<\/td>\n<\/tr>\n
Hobart<\/td>\n$550<\/td>\n$530<\/td>\n1.9%<\/td>\n3.8%<\/td>\n<\/tr>\n
Combined Capitals<\/td>\n$650<\/td>\n$600<\/td>\n0.0%<\/td>\n8.3%<\/td>\n<\/tr>\n
Combined Regionals<\/td>\n$550<\/td>\n$520<\/td>\n0.0%<\/td>\n5.8%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> Domain<\/p>\n

A new analysis by Ray White<\/a> uses the benchmark of \u2018under $500 per week\u2019 for its affordability rating.<\/p>\n

After crunching the numbers for average weekly earnings ($1,431) relative to the 33-35% maximum recommended spend on rent, senior data analyst Atom Go Tian<\/a> concluded that in order to be labelled \u2018affordable\u2019, rent should only be between $475-500 per week.<\/p>\n

That\u2019s far lower than the national asking price of $610 rent per week.<\/p>\n

As of the latest release of ABS earnings data, the share of median asking rent versus weekly earnings is now 40.5% for houses and 38.4% for units.<\/p>\n

So, using the share of listings under $500 as the benchmark for Ray White\u2019s \u2018affordability\u2019 metre, Hobart stands out for renters with 32% of all house listings and 62% of all unit listings over the last 12 months coming with an asking rent under $500.<\/p>\n

Adelaide comes second for units with 57% of its 6,152 listings asking for weekly rent under $500, while Melbourne comes second for houses with 30% of its 52,929 listings asking for weekly rent under $500.<\/p>\n

In terms of houses, Gold Coast and Canberra are the least affordable with only two and four per cent of their listings coming under $500 (not that there were many listings to begin with).<\/p>\n

In terms of houses, it's Sydney and Gold Coast that trail the pack.<\/p>\n

Share of total listings under $500 from the last 12 months (as of Apr 2024):<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/th>\nTotal house listings<\/th>\nHouse share under $500<\/th>\nTotal unit listings<\/th>\nUnit share under $500<\/th>\n<\/tr>\n<\/thead>\n
Hobart<\/td>\n3,107<\/td>\n32%<\/td>\n1,493<\/td>\n62%<\/td>\n<\/tr>\n
Adelaide<\/td>\n13,302<\/td>\n24%<\/td>\n6,152<\/td>\n57%<\/td>\n<\/tr>\n
Darwin<\/td>\n1,192<\/td>\n14%<\/td>\n1,935<\/td>\n42%<\/td>\n<\/tr>\n
Melbourne<\/td>\n52,929<\/td>\n30%<\/td>\n71,697<\/td>\n39%<\/td>\n<\/tr>\n
Brisbane<\/td>\n33,075<\/td>\n14%<\/td>\n23,724<\/td>\n33%<\/td>\n<\/tr>\n
Perth<\/td>\n21,668<\/td>\n11%<\/td>\n12,168<\/td>\n30%<\/td>\n<\/tr>\n
Canberra<\/td>\n3,427<\/td>\n4%<\/td>\n7,148<\/td>\n22%<\/td>\n<\/tr>\n
Sydney<\/td>\n49,353<\/td>\n11%<\/td>\n105,346<\/td>\n14%<\/td>\n<\/tr>\n
Gold Coast<\/td>\n6,947<\/td>\n2%<\/td>\n8,355<\/td>\n10%<\/td>\n<\/tr>\n
Capital City Average<\/strong><\/td>\n185,000<\/strong><\/td>\n18%<\/strong><\/td>\n238,018<\/strong><\/td>\n27%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> Ray White<\/p>\n

The most affordable Aussie suburbs to rent a house<\/span><\/span><\/h2>\n

In terms of the most affordable suburbs for renters looking for a house, the data reveals that Melbourne is the undisputed favourite; no other city comes close to the volume of listings with asking rent under $500.<\/p>\n

Within Melbourne, you would want to keep your eye out for Werribee where almost three quarters of house listings have an asking rent under $500.<\/p>\n

Hoppers Crossing, Wallan, and Melton South also have a very high share of listings with asking rent under $500.<\/p>\n

Suburbs with the most house listings under $500:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/th>\nSuburb<\/th>\nTotal listings<\/th>\nUnder $500<\/th>\nMedian rent<\/th>\n<\/tr>\n<\/thead>\n
Melbourne<\/td>\nWerribee<\/td>\n981<\/td>\n729<\/td>\n$430<\/td>\n<\/tr>\n
Melbourne<\/td>\nTarneit<\/td>\n1,501<\/td>\n532<\/td>\n$500<\/td>\n<\/tr>\n
Melbourne<\/td>\nWyndham Vale<\/td>\n687<\/td>\n518<\/td>\n$450<\/td>\n<\/tr>\n
Melbourne<\/td>\nPoint Cook<\/td>\n1,538<\/td>\n398<\/td>\n$525<\/td>\n<\/tr>\n
Melbourne<\/td>\nHoppers Crossing<\/td>\n489<\/td>\n392<\/td>\n$430<\/td>\n<\/tr>\n
Melbourne<\/td>\nTruganina<\/td>\n1,012<\/td>\n379<\/td>\n$493<\/td>\n<\/tr>\n
Melbourne<\/td>\nPakenham<\/td>\n778<\/td>\n342<\/td>\n$490<\/td>\n<\/tr>\n
Melbourne<\/td>\nWallan<\/td>\n407<\/td>\n330<\/td>\n-<\/td>\n<\/tr>\n
Melbourne<\/td>\nCraigieburn<\/td>\n728<\/td>\n316<\/td>\n$490<\/td>\n<\/tr>\n
Melbourne<\/td>\nMelton South<\/td>\n315<\/td>\n297<\/td>\n$390<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> Ray White, CoreLogic<\/p>\n

Most affordable Aussie suburbs to rent a unit<\/span><\/span><\/h2>\n

The list is slightly more diverse for renters looking for units.<\/p>\n

Of the top 10 most affordable suburbs, half come from Melbourne, three come from Adelaide, while Hobart and Sydney offer one.<\/p>\n

Suburbs with the most unit listings under $500:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/th>\nSuburb<\/th>\nTotal listings<\/th>\nUnder $500<\/th>\nMedian rent<\/th>\n<\/tr>\n<\/thead>\n
Melbourne<\/td>\nMelbourne<\/td>\n8,027<\/td>\n1,333<\/td>\n$615<\/td>\n<\/tr>\n
Adelaide<\/td>\nSt Kilda<\/td>\n1,583<\/td>\n774<\/td>\n$480<\/td>\n<\/tr>\n
Melbourne<\/td>\nSouth Yarra<\/td>\n2,145<\/td>\n685<\/td>\n$550<\/td>\n<\/tr>\n
Hobart<\/td>\nCarlton<\/td>\n1,459<\/td>\n674<\/td>\n$500<\/td>\n<\/tr>\n
Sydney<\/td>\nLiverpool<\/td>\n1,190<\/td>\n621<\/td>\n$450<\/td>\n<\/tr>\n
Melbourne<\/td>\nReservoir<\/td>\n888<\/td>\n532<\/td>\n$450<\/td>\n<\/tr>\n
Melbourne<\/td>\nFootscray<\/td>\n1,005<\/td>\n527<\/td>\n$460<\/td>\n<\/tr>\n
Adelaide<\/td>\nHawthorn<\/td>\n1,024<\/td>\n491<\/td>\n$480<\/td>\n<\/tr>\n
Melbourne<\/td>\nFrankston<\/td>\n576<\/td>\n464<\/td>\n$430<\/td>\n<\/tr>\n
Adelaide<\/td>\nRichmond<\/td>\n1,168<\/td>\n405<\/td>\n$550<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> Ray White, CoreLogic<\/p>\n

So, where is the cheapest suburb to rent in my area?<\/span><\/h2>\n

Here\u2019s a breakdown of the 10 most affordable areas to rent in each major Australian city.<\/p>\n

Most affordable Sydney suburbs<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\nSuburb<\/strong><\/th>\nRegion<\/strong><\/th>\nProperty type<\/strong><\/th>\nMedian value<\/strong><\/th>\nGross rental yield<\/strong><\/th>\nMedian Rent<\/strong><\/th>\nQuarterly Change<\/strong><\/th>\nAnnual Change<\/strong><\/th>\nVacancy rate<\/strong><\/th>\n<\/tr>\n
1<\/td>\nCarramar<\/td>\nSydney - Parramatta<\/td>\nUnits<\/td>\n$401,034<\/td>\n5.06%<\/td>\n$385<\/td>\n1.10%<\/td>\n20.3%<\/td>\n1.13%<\/td>\n<\/tr>\n
2<\/td>\nCabramatta<\/td>\nSydney - South West<\/td>\nUnits<\/td>\n$432,483<\/td>\n4.81%<\/td>\n$400<\/td>\n3.30%<\/td>\n14.3%<\/td>\n0.66%<\/td>\n<\/tr>\n
3<\/td>\nCanley Vale<\/td>\nSydney - South West<\/td>\nUnits<\/td>\n$439,313<\/td>\n4.71%<\/td>\n$400<\/td>\n2.70%<\/td>\n14.3%<\/td>\n0.89%<\/td>\n<\/tr>\n
4<\/td>\nBerkeley Vale<\/td>\nCentral Coast<\/td>\nUnits<\/td>\n$379,669<\/td>\n5.63%<\/td>\n$410<\/td>\n-1.50%<\/td>\n-3.00%<\/td>\n0.53%<\/td>\n<\/tr>\n
5<\/td>\nFairfield<\/td>\nSydney - South West<\/td>\nUnits<\/td>\n$396,190<\/td>\n5.07%<\/td>\n$450<\/td>\n4.30%<\/td>\n21.6%<\/td>\n1.13%<\/td>\n<\/tr>\n
6<\/td>\nLeumeah<\/td>\nSydney - Outer South West<\/td>\nUnits<\/td>\n$452,742<\/td>\n5.39%<\/td>\n$435<\/td>\n3.70%<\/td>\n20.8%<\/td>\n1.11%<\/td>\n<\/tr>\n
7<\/td>\nJamisontown<\/td>\nSydney - Outer West and Blue Mountains<\/td>\nUnits<\/td>\n$462,139<\/td>\n4.98%<\/td>\n$450<\/td>\n2.60%<\/td>\n12.5%<\/td>\n0.87%<\/td>\n<\/tr>\n
8<\/td>\nWyong<\/td>\nCentral Coast<\/td>\nUnits<\/td>\n$483,430<\/td>\n4.91%<\/td>\n$420<\/td>\n-1.20%<\/td>\n5.00%<\/td>\n0.78%<\/td>\n<\/tr>\n
9<\/td>\nWarwick Farm<\/td>\nSydney - South West<\/td>\nUnits<\/td>\n$409,386<\/td>\n5.36%<\/td>\n$500<\/td>\n3.60%<\/td>\n19.0%<\/td>\n1.89%<\/td>\n<\/tr>\n
10<\/td>\nCranebrook<\/td>\nSydney - Outer West and Blue Mountains<\/td>\nUnits<\/td>\n$658,165<\/td>\n3.50%<\/td>\n$437<\/td>\n-1.60%<\/td>\n8.30%<\/td>\n0.57%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> CoreLogic \/ Domain \/ Realestateinvestar<\/p>\n

Sydney\u2019s most affordable suburbs are concentrated around the city\u2019s western suburbs.<\/p>\n

Each of the suburbs on the most affordable list for Sydney is for unit rentals, with Carramar in Sydney\u2019s Parramatta area coming in with the most affordable median rent (at $389 per week).<\/p>\n

Most affordable Melbourne suburbs<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\nSuburb<\/strong><\/th>\nRegion<\/strong><\/th>\nProperty type<\/strong><\/th>\nMedian value<\/strong><\/th>\nGross rental yield<\/strong><\/th>\nMedian Rent<\/strong><\/th>\nQuarterly Change<\/strong><\/th>\nAnnual Change<\/strong><\/th>\nVacancy rate<\/strong><\/th>\n<\/tr>\n
1<\/td>\nMelton South<\/td>\nMelbourne - West<\/td>\nUnits<\/td>\n$366,810<\/td>\n4.94%<\/td>\n$345<\/td>\n2.20%<\/td>\n8.40%<\/td>\n1.00%<\/td>\n<\/tr>\n
2<\/td>\nMelton<\/td>\nMelbourne - West<\/td>\nUnits<\/td>\n$371,901<\/td>\n4.84%<\/td>\n$350<\/td>\n1.60%<\/td>\n8.70%<\/td>\n1.32%<\/td>\n<\/tr>\n
3<\/td>\nAlbion<\/td>\nMelbourne - West<\/td>\nUnits<\/td>\n$406,343<\/td>\n6.03%<\/td>\n$350<\/td>\n2.90%<\/td>\n18.6%<\/td>\n1.15%<\/td>\n<\/tr>\n
4<\/td>\nWerribee<\/td>\nMelbourne - West<\/td>\nUnits<\/td>\n$419,264<\/td>\n4.68%<\/td>\n$450<\/td>\n3.70%<\/td>\n11.01%<\/td>\n1.33%<\/td>\n<\/tr>\n
5<\/td>\nBacchus Marsh<\/td>\nMelbourne - West<\/td>\nUnits<\/td>\n$410,002<\/td>\n4.24%<\/td>\n$380<\/td>\n1.70%<\/td>\n6.50%<\/td>\n0.92%<\/td>\n<\/tr>\n
6<\/td>\nDarley<\/td>\nMelbourne - West<\/td>\nUnits<\/td>\n$431,733<\/td>\n5.27%<\/td>\n$389<\/td>\n1.90%<\/td>\n9.00%<\/td>\n0.46%<\/td>\n<\/tr>\n
7<\/td>\nHoppers Crossing<\/td>\nMelbourne - West<\/td>\nUnits<\/td>\n$425,073<\/td>\n4.43%<\/td>\n$385<\/td>\n4.40%<\/td>\n10.0%<\/td>\n0.84%<\/td>\n<\/tr>\n
8<\/td>\nMelton<\/td>\nMelbourne - West<\/td>\nHouses<\/td>\n$468,003<\/td>\n4.84%<\/td>\n$400<\/td>\n3.70%<\/td>\n12.7%<\/td>\n1.32%<\/td>\n<\/tr>\n
9<\/td>\nWallan<\/td>\nMelbourne - North East<\/td>\nUnits<\/td>\n$456,351<\/td>\n4.51%<\/td>\n$396<\/td>\n2.70%<\/td>\n9.80%<\/td>\n1.40%<\/td>\n<\/tr>\n
10<\/td>\nSt Albans<\/td>\nMelbourne - West<\/td>\nUnits<\/td>\n$473,502<\/td>\n4.33%<\/td>\n$400<\/td>\n2.40%<\/td>\n14.3%<\/td>\n0.74%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> CoreLogic \/ Domain \/ Realestateinvestar<\/p>\n

Nine out of Melbourne\u2019s top 10 most affordable suburbs for rentals are for units.<\/p>\n

Melton South is at the top of the list.<\/p>\n

Here, renters can secure a unit for around $345 per week in rent.<\/p>\n

Meanwhile, nearby Melton also makes the list as the suburbs with the most affordable rental houses - at $400 per week.<\/p>\n

Most affordable Brisbane suburbs<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\nSuburb<\/strong><\/th>\nRegion<\/strong><\/th>\nProperty type<\/strong><\/th>\nMedian value<\/strong><\/th>\nGross rental yield<\/strong><\/th>\nMedian Rent<\/strong><\/th>\nQuarterly Change<\/strong><\/th>\nAnnual Change<\/strong><\/th>\nVacancy rate<\/strong><\/th>\n<\/tr>\n
1<\/td>\nWoodridge<\/td>\nLogan - Beaudesert<\/td>\nUnits<\/td>\n$268,892<\/td>\n6.50%<\/td>\n$375<\/td>\n2.10%<\/td>\n9.90%<\/td>\n1.04%<\/td>\n<\/tr>\n
2<\/td>\nCaboolture<\/td>\nMoreton Bay - North<\/td>\nUnits<\/td>\n$318,040<\/td>\n6.00%<\/td>\n$380<\/td>\n1.90%<\/td>\n10.14%<\/td>\n1.02%<\/td>\n<\/tr>\n
3<\/td>\nBundamba<\/td>\nIpswich<\/td>\nUnits<\/td>\n$338,852<\/td>\n6.52%<\/td>\n$384<\/td>\n3.90%<\/td>\n12.20%<\/td>\n0.85%<\/td>\n<\/tr>\n
4<\/td>\nMount Warren Park<\/td>\nLogan - Beaudesert<\/td>\nUnits<\/td>\n$353,232<\/td>\n6.05%<\/td>\n$400<\/td>\n2.50%<\/td>\n21.21%<\/td>\n0.44%<\/td>\n<\/tr>\n
5<\/td>\nBeenleigh<\/td>\nLogan - Beaudesert<\/td>\nUnits<\/td>\n$324,795<\/td>\n5.50%<\/td>\n$410<\/td>\n3.90%<\/td>\n13.9%<\/td>\n0.63%<\/td>\n<\/tr>\n
6<\/td>\nLawnton<\/td>\nMoreton Bay - South<\/td>\nUnits<\/td>\n$401,043<\/td>\n5.56%<\/td>\n$485<\/td>\n2.00%<\/td>\n12.8%<\/td>\n1.00%<\/td>\n<\/tr>\n
7<\/td>\nGoodna<\/td>\nIpswich<\/td>\nUnits<\/td>\n$323,637<\/td>\n7.22%<\/td>\n$400<\/td>\n3.00%<\/td>\n13.60%<\/td>\n0.72%<\/td>\n<\/tr>\n
8<\/td>\nWaterford West<\/td>\nLogan - Beaudesert<\/td>\nUnits<\/td>\n$289,447<\/td>\n6.51%<\/td>\n$470<\/td>\n2.60%<\/td>\n15.30%<\/td>\n0.79%<\/td>\n<\/tr>\n
9<\/td>\nRussell Island<\/td>\nBrisbane - East<\/td>\nHouses<\/td>\n$386,306<\/td>\n5.50%<\/td>\n$413<\/td>\n2.20%<\/td>\n5.8%<\/td>\n1.07%<\/td>\n<\/tr>\n
10<\/td>\nRedbank Plains<\/td>\nIpswich<\/td>\nUnits<\/td>\n$375,828<\/td>\n4.86%<\/td>\n$420<\/td>\n3.30%<\/td>\n23.0%<\/td>\n1.63%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> CoreLogic \/ Domain \/ Realestateinvestar<\/p>\n

Again, 9 of the 10 most affordable Brisbane suburbs are for units and 4 of the suburbs on the list are located in the Logan-Beaudesert area.<\/p>\n

Renters can expect to pay as little as $375 per week in Woodridge or if they\u2019re looking for a house then the most affordable suburb is Russell Island in Brisbane\u2019s East where the median house rent is $413 per week.<\/p>\n

Most affordable Adelaide suburbs<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\nSuburb<\/strong><\/th>\nRegion<\/strong><\/th>\nProperty type<\/strong><\/th>\nMedian value<\/strong><\/th>\nGross rental yield<\/strong><\/th>\nMedian Rent<\/strong><\/th>\nQuarterly Change<\/strong><\/th>\nAnnual Change<\/strong><\/th>\nVacancy rate<\/strong><\/th>\n<\/tr>\n
1<\/td>\nSalisbury East<\/td>\nAdelaide - North<\/td>\nUnits<\/td>\n$319,582<\/td>\n5.96%<\/td>\n$370<\/td>\n4.40%<\/td>\n15.62%<\/td>\n0.51%<\/td>\n<\/tr>\n
2<\/td>\nSalisbury<\/td>\nAdelaide - North<\/td>\nUnits<\/td>\n$315,932<\/td>\n6.93%<\/td>\n$390<\/td>\n5.80%<\/td>\n21.87%<\/td>\n0.64%<\/td>\n<\/tr>\n
3<\/td>\nElizabeth South<\/td>\nAdelaide - North<\/td>\nHouses<\/td>\n$357,954<\/td>\n5.64%<\/td>\n$393<\/td>\n3.30%<\/td>\n9.80%<\/td>\n0.72%<\/td>\n<\/tr>\n
4<\/td>\nKilburn<\/td>\nAdelaide - North<\/td>\nUnits<\/td>\n$392,685<\/td>\n5.24%<\/td>\n$430<\/td>\n4.50%<\/td>\n16.21%<\/td>\n0.42%<\/td>\n<\/tr>\n
5<\/td>\nElizabeth North<\/td>\nAdelaide - North<\/td>\nHouses<\/td>\n$340,864<\/td>\n6.14%<\/td>\n$398<\/td>\n1.90%<\/td>\n8.10%<\/td>\n1.27%<\/td>\n<\/tr>\n
6<\/td>\nElizabeth Grove<\/td>\nAdelaide - North<\/td>\nHouses<\/td>\n$370,311<\/td>\n5.63%<\/td>\n$399<\/td>\n3.30%<\/td>\n8.50%<\/td>\n0.58%<\/td>\n<\/tr>\n
7<\/td>\nKlemzig<\/td>\nAdelaide - North<\/td>\nUnits<\/td>\n$394,231<\/td>\n6.09%<\/td>\n$410<\/td>\n4.60%<\/td>\n17.14%<\/td>\n0.63%<\/td>\n<\/tr>\n
8<\/td>\nSt Marys<\/td>\nAdelaide - South<\/td>\nUnits<\/td>\n$413,903<\/td>\n5.14%<\/td>\n$460<\/td>\n-0.40%<\/td>\n26.02%<\/td>\n1.71%<\/td>\n<\/tr>\n
9<\/td>\nNew Port<\/td>\nAdelaide - West<\/td>\nUnits<\/td>\n$374,920<\/td>\n5.69%<\/td>\n$435<\/td>\n2.20%<\/td>\n8.75%<\/td>\n0.40%<\/td>\n<\/tr>\n
10<\/td>\nBrooklyn Park<\/td>\nAdelaide - West<\/td>\nUnits<\/td>\n$390,249<\/td>\n6.03%<\/td>\n$380<\/td>\n4.40%<\/td>\n11.76%<\/td>\n0.95%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> CoreLogic \/ Domain \/ Realestateinvestar<\/p>\n

Over in Adelaide both units and houses make the top 10 list, although the top 7 suburbs are all located in Adelaide\u2019s northern region.<\/p>\n

Salisbury East sits in the top spot, where renters can find properties with a $370per week median price, while Elizabeth South has houses for a median of $393 per week median.<\/p>\n

Most affordable Perth suburbs<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\nSuburb<\/strong><\/th>\nRegion<\/strong><\/th>\nProperty type<\/strong><\/th>\nMedian value<\/strong><\/th>\nGross rental yield<\/strong><\/th>\nMedian Rent<\/strong><\/th>\nQuarterly Change<\/strong><\/th>\nAnnual Change<\/strong><\/th>\nVacancy rate<\/strong><\/th>\n<\/tr>\n
1<\/td>\nDudley Park<\/td>\nMandurah<\/td>\nUnits<\/td>\n$290,337<\/td>\n6.36%<\/td>\n$440<\/td>\n2.90%<\/td>\n22.22%<\/td>\n0.67%<\/td>\n<\/tr>\n
2<\/td>\nOrelia<\/td>\nPerth - South West<\/td>\nUnits<\/td>\n$217,387<\/td>\n8.85%<\/td>\n$390<\/td>\n3.70%<\/td>\n13.04%<\/td>\n1.04%<\/td>\n<\/tr>\n
3<\/td>\nShoalwater<\/td>\nPerth - South West<\/td>\nUnits<\/td>\n$257,910<\/td>\n5.65%<\/td>\n$380<\/td>\n5.80%<\/td>\n11.76%<\/td>\n0.66%<\/td>\n<\/tr>\n
4<\/td>\nEllenbrook<\/td>\nPerth - North East<\/td>\nUnits<\/td>\n$334,482<\/td>\n6.14%<\/td>\n$460<\/td>\n-0.10%<\/td>\n12.19%<\/td>\n0.62%<\/td>\n<\/tr>\n
5<\/td>\nMidland<\/td>\nPerth - North East<\/td>\nUnits<\/td>\n$327,674<\/td>\n7.02%<\/td>\n$500<\/td>\n1.80%<\/td>\n23.45%<\/td>\n1.08%<\/td>\n<\/tr>\n
6<\/td>\nBaldivis<\/td>\nPerth - South West<\/td>\nUnits<\/td>\n$358,952<\/td>\n6.26%<\/td>\n$450<\/td>\n0.90%<\/td>\n13.92%<\/td>\n1.33%<\/td>\n<\/tr>\n
7<\/td>\nKelmscott<\/td>\nPerth - South East<\/td>\nUnits<\/td>\n$286,899<\/td>\n6.33%<\/td>\n$490<\/td>\n3.50%<\/td>\n8.88%<\/td>\n0.75%<\/td>\n<\/tr>\n
8<\/td>\nArmadale<\/td>\nPerth - South East<\/td>\nUnits<\/td>\n$307,285<\/td>\n7.31%<\/td>\n$460<\/td>\n1.90%<\/td>\n15.00%<\/td>\n0.94%<\/td>\n<\/tr>\n
9<\/td>\nGosnells<\/td>\nPerth - South East<\/td>\nUnits<\/td>\n$321,803<\/td>\n6.51%<\/td>\n$500<\/td>\n1.90%<\/td>\n25.00%<\/td>\n0.66%<\/td>\n<\/tr>\n
10<\/td>\nNoranda<\/td>\nPerth - North East<\/td>\nUnits<\/td>\n$346,444<\/td>\n6.89%<\/td>\n$445<\/td>\n1.20%<\/td>\n13.80%<\/td>\n0.09%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> CoreLogic \/ Domain \/ Realestateinvestar<\/p>\n

Perth\u2019s affordable suburbs are mostly located across the city\u2019s South West, North East, and South East and all are for units.<\/p>\n

Shoalwater in south-west Perth has the most affordable units for rent, with a median weekly price of $380.<\/p>\n

Most affordable Hobart suburbs<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\nSuburb<\/strong><\/th>\nRegion<\/strong><\/th>\nProperty type<\/strong><\/th>\nMedian value<\/strong><\/th>\nGross rental yield<\/strong><\/th>\nMedian Rent<\/strong><\/th>\nQuarterly Change<\/strong><\/th>\nAnnual Change<\/strong><\/th>\nVacancy rate<\/strong><\/th>\n<\/tr>\n
1<\/td>\nClaremont<\/td>\nHobart<\/td>\nUnits<\/td>\n$434,385<\/td>\n4.42%<\/td>\n$680<\/td>\nN\/A<\/td>\n25.92%<\/td>\n0.86%<\/td>\n<\/tr>\n
2<\/td>\nWest Moonah<\/td>\nHobart<\/td>\nUnits<\/td>\n$440,619<\/td>\n5.08%<\/td>\n$370<\/td>\nN\/A<\/td>\n5.71%<\/td>\n0.53%<\/td>\n<\/tr>\n
3<\/td>\nGlenorchy<\/td>\nHobart<\/td>\nUnits<\/td>\n$429,811<\/td>\n4.79%<\/td>\n$410<\/td>\nN\/A<\/td>\n-2.39%<\/td>\n0.54%<\/td>\n<\/tr>\n
4<\/td>\nPrimrose Sands<\/td>\nHobart<\/td>\nHouses<\/td>\n$510,180<\/td>\n4.57%<\/td>\n$443<\/td>\nN\/A<\/td>\n0.90%<\/td>\n0.57%<\/td>\n<\/tr>\n
5<\/td>\nBrighton<\/td>\nHobart<\/td>\nUnits<\/td>\n$460,768<\/td>\n4.80%<\/td>\n$430<\/td>\nN\/A<\/td>\n-4.45%<\/td>\n0.38%<\/td>\n<\/tr>\n
6<\/td>\nLindisfarne<\/td>\nHobart<\/td>\nUnits<\/td>\n$529,663<\/td>\n4.53%<\/td>\n$460<\/td>\nN\/A<\/td>\n6.97%<\/td>\n0.48%<\/td>\n<\/tr>\n
7<\/td>\nNew Town<\/td>\nHobart<\/td>\nUnits<\/td>\n$485,726<\/td>\n4.59%<\/td>\n$420<\/td>\nN\/A<\/td>\n2.43%<\/td>\n0.88%<\/td>\n<\/tr>\n
8<\/td>\nNew Norfolk<\/td>\nHobart<\/td>\nHouses<\/td>\n$464,327<\/td>\n5.08%<\/td>\n$370<\/td>\nN\/A<\/td>\n5.71%<\/td>\n0.49%<\/td>\n<\/tr>\n
9<\/td>\nBellerive<\/td>\nHobart<\/td>\nUnits<\/td>\n$541,611<\/td>\n4.82%<\/td>\n$450<\/td>\nN\/A<\/td>\n11.11%<\/td>\n0.57%<\/td>\n<\/tr>\n
10<\/td>\nKingston<\/td>\nHobart<\/td>\nUnits<\/td>\n$550,954<\/td>\n4.20%<\/td>\n$465<\/td>\nN\/A<\/td>\n-3.13%<\/td>\n0.52%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> CoreLogic \/ Domain \/ Realestateinvestar<\/p>\n

Hobart\u2019s rental prices have risen across the board lately, likely due to a shift in demand levels and a drop in vacancy rates.<\/p>\n

There are still many affordable options, however.<\/p>\n

Renters can find units in West Moonah for around $370 or houses in New Norfolk for around the same price per week.<\/p>\n

Most affordable Darwin suburbs<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\nSuburb<\/strong><\/th>\nRegion<\/strong><\/th>\nProperty type<\/strong><\/th>\nMedian value<\/strong><\/th>\nGross rental yield<\/strong><\/th>\nMedian Rent<\/strong><\/th>\nQuarterly Change<\/strong><\/th>\nAnnual Change<\/strong><\/th>\nVacancy rate<\/strong><\/th>\n<\/tr>\n
1<\/td>\nBakewell<\/td>\nDarwin<\/td>\nUnits<\/td>\n$283,291<\/td>\n8.17%<\/td>\n$440<\/td>\n2.10%<\/td>\n-2.23%<\/td>\n0.68%<\/td>\n<\/tr>\n
2<\/td>\nLeanyer<\/td>\nDarwin<\/td>\nUnits<\/td>\n$341,022<\/td>\n6.82%<\/td>\n$440<\/td>\n1.40%<\/td>\n-6.39%<\/td>\n0.37%<\/td>\n<\/tr>\n
3<\/td>\nCoconut Grove<\/td>\nDarwin<\/td>\nUnits<\/td>\n$347,262<\/td>\n6.61%<\/td>\n$490<\/td>\n2.70%<\/td>\n-2.00%<\/td>\n0.52%<\/td>\n<\/tr>\n
4<\/td>\nMillner<\/td>\nDarwin<\/td>\nUnits<\/td>\n$332,991<\/td>\n7.80%<\/td>\n$450<\/td>\n3.00%<\/td>\n0.00%<\/td>\n0.67%<\/td>\n<\/tr>\n
5<\/td>\nRapid Creek<\/td>\nDarwin<\/td>\nUnits<\/td>\n$392,673<\/td>\n5.57%<\/td>\n$450<\/td>\n1.10%<\/td>\n-4.26%<\/td>\n1.54%<\/td>\n<\/tr>\n
6<\/td>\nNightcliff<\/td>\nDarwin<\/td>\nUnits<\/td>\n$382,536<\/td>\n5.96%<\/td>\n$470<\/td>\n1.80%<\/td>\n4.44%<\/td>\n1.23%<\/td>\n<\/tr>\n
7<\/td>\nRosebery<\/td>\nDarwin<\/td>\nUnits<\/td>\n$337,281<\/td>\n5.28%<\/td>\n$890<\/td>\n3.20%<\/td>\n5.28%<\/td>\n2.62%<\/td>\n<\/tr>\n
8<\/td>\nParap<\/td>\nDarwin<\/td>\nUnits<\/td>\n$379,834<\/td>\n6.71%<\/td>\n$555<\/td>\n4.30%<\/td>\n0.90%<\/td>\n2.22%<\/td>\n<\/tr>\n
9<\/td>\nMoulden<\/td>\nDarwin<\/td>\nHouses<\/td>\n$386,675<\/td>\n7.35%<\/td>\n$539<\/td>\n3.60%<\/td>\n5.30%<\/td>\n0.24%<\/td>\n<\/tr>\n
10<\/td>\nGray<\/td>\nDarwin<\/td>\nHouses<\/td>\n$374,860<\/td>\n6.54%<\/td>\n$540<\/td>\n2.70%<\/td>\n8.00%<\/td>\n0.91%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> CoreLogic \/ Domain \/ Realestateinvestar<\/p>\n

Darwin\u2019s list is also dominated by units, although two suburbs make the list for their affordable house prices.<\/p>\n

The most affordable suburbs in Darwin start at as little as $440 per week - for units in Bakewell - up to $540 per week for houses in Gray.<\/p>\n

Most affordable Canberra suburbs<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\nSuburb<\/strong><\/th>\nRegion<\/strong><\/th>\nProperty type<\/strong><\/th>\nMedian value<\/strong><\/th>\nGross rental yield<\/strong><\/th>\nMedian Rent<\/strong><\/th>\nQuarterly Change<\/strong><\/th>\nAnnual Change<\/strong><\/th>\nVacancy rate<\/strong><\/th>\n<\/tr>\n
1<\/td>\nLyons<\/td>\nAustralian Capital Territory<\/td>\nUnits<\/td>\n$450,051<\/td>\n6.11%<\/td>\n$455<\/td>\n-0.90%<\/td>\n3.40%<\/td>\n1.12%<\/td>\n<\/tr>\n
2<\/td>\nChifley<\/td>\nAustralian Capital Territory<\/td>\nUnits<\/td>\n$575,440<\/td>\n5.62%<\/td>\n$470<\/td>\n0.40%<\/td>\n2.17%<\/td>\n0.40%<\/td>\n<\/tr>\n
3<\/td>\nHawker<\/td>\nAustralian Capital Territory<\/td>\nUnits<\/td>\n$475,355<\/td>\n6.65%<\/td>\n$480<\/td>\n-1.60%<\/td>\n4.34%<\/td>\n0.62%<\/td>\n<\/tr>\n
4<\/td>\nMawson<\/td>\nAustralian Capital Territory<\/td>\nUnits<\/td>\n$637,843<\/td>\n6.43%<\/td>\n$475<\/td>\n-0.60%<\/td>\n3.26%<\/td>\n1.42%<\/td>\n<\/tr>\n
5<\/td>\nGungahlin<\/td>\nAustralian Capital Territory<\/td>\nUnits<\/td>\n$465,439<\/td>\n5.64%<\/td>\n$510<\/td>\n0.10%<\/td>\n2.00%<\/td>\n2.09%<\/td>\n<\/tr>\n
6<\/td>\nPhillip<\/td>\nAustralian Capital Territory<\/td>\nUnits<\/td>\n$532,120<\/td>\n5.01%<\/td>\n$530<\/td>\n0.10%<\/td>\n0.95%<\/td>\n5.53%<\/td>\n<\/tr>\n
7<\/td>\nHarrison<\/td>\nAustralian Capital Territory<\/td>\nUnits<\/td>\n$538,792<\/td>\n5.74%<\/td>\n$480<\/td>\n-0.20%<\/td>\n1.05%<\/td>\n1.40%<\/td>\n<\/tr>\n
8<\/td>\nBelconnen<\/td>\nAustralian Capital Territory<\/td>\nUnits<\/td>\n$541,195<\/td>\n5.80%<\/td>\n$530<\/td>\n0.30%<\/td>\n4.95%<\/td>\n2.63%<\/td>\n<\/tr>\n
9<\/td>\nGreenway<\/td>\nAustralian Capital Territory<\/td>\nUnits<\/td>\n$533,163<\/td>\n5.66%<\/td>\n$500<\/td>\n1.10%<\/td>\n6.38%<\/td>\n2.65%<\/td>\n<\/tr>\n
10<\/td>\nWright<\/td>\nAustralian Capital Territory<\/td>\nUnits<\/td>\n$533,065<\/td>\n5.95%<\/td>\n$550<\/td>\n-0.50%<\/td>\n5.76%<\/td>\n1.82%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:<\/strong> CoreLogic \/ Domain \/ Realestateinvestar<\/p>\n

Canberra\u2019s most affordable suburbs list is dominated by units.<\/p>\n

Starting at a $455 per week median for units in Lyons, renters can find themselves paying under $550 per week across all 10 suburbs on the list.<\/p>\n

The key takeaway<\/span><\/h2>\n

While the above list makes for interesting reading, these areas are definitely not suburbs I\u2019d recommend investing in.<\/p>\n

Generally, these affordable areas with low asking rentals are in locations where tenants are unable to afford paying more and in general, demand is low, and amenities and transport links are hard to come by.<\/p>\n

As I always say, when it comes to investing, it\u2019s not just about the property \u2013 it\u2019s mainly about location.<\/p><\/blockquote>\n

If you think about it, your future income will depend on your tenant\u2019s ability to keep paying rent and increasing rents over time.<\/p>\n

This is not a judge of people, but you really don\u2019t want tenants who are one or two weeks away from being broke.<\/p>\n