With thousands of listings added daily by both private landlords and property agents, Rent.com.au has one of the broadest databases of rental properties in Australia today. Rent.com.au has compiled a report based on property listing data from the July – September quarter (Q3) which illustrates the shift in median rental prices Q3 (both metro and regional), rental affordability and search trends.



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NEW SOUTH WALES

  • Median rent:
    • Sydney, which was the most expensive city for renters in September 2016 with a median weekly rent of $542, also recorded a decrease in the median rent, quarter to quarter.
    • Sydney is still the most expensive city for renters, with asking median rents at $520 in Q3, despite the $10 decrease quarter-to-quarter.
    • Properties in New South Wales (NSW) regional areas showed the median rent remained consistent between Q2 and Q3 at $350 per week.
  • Affordability:
    • The median price per room in Sydney in Q3 was $248.
    • The top 5 most affordable suburbs were: Carramar ($300), Appin ($315), Blackett ($320), Emerton ($320) and Cabramatta ($330), while the top 5 most expensive suburbs in NSW in Q3 were: Seaforth ($1,200), South Coogee ($1,200), Castlecrag ($1,195), Barangaroo ($1,025) and Caringbah South ($1,025).

Sydney

QUEENSLAND

  • Median rent:
    • Queensland’s regional areas saw the second highest increase in median rents, a $10 increase from $330 in Q2 to $340 in Q3.
    • QLD’s capital, Brisbane, recorded an average median rent of $400 in Q3, consistent with the median rent in Q2.
    • Brisbane metro’s median rent was just $6.25 less than the national average.
  • Affordability:
    • The median price per room in Brisbane in Q3 was $150.
    • The top 5 most affordable suburbs were: Russell Island ($245), Macleay Island ($285), Woodridge ($290), Logan Central ($300) and Caboolture South ($300), while the top 5 most expensive suburbs in QLD in Q3 were: Newport ($650), Chapel Hill ($650), Reedy Creek ($590), Burleigh Waters ($585) and Brisbane CBD ($580).

Brisbane


VICTORIA

  • Median rent:
    • Properties in Victoria (VIC) regional areas showed the median rent remained consistent between Q2 and Q3 at $270 per week.
    • Melbourne metro rentals saw no change in median rent from Q3 to Q2, sitting at $380.
    • Melbourne’s property market makeup in Q3 was 43.4 per cent apartments and 56.5 per cent houses.
  • Affordability:
    • The median price per room in Melbourne in Q3 was $163.
    • The top five most affordable suburbs were: Corio ($235), Norlane ($245), Ballan ($265), St Leonards ($270) and Frankston North ($280), while the top 5 most expensive suburbs in VIC in Q3 were: Albert Park ($700), Black Rock ($650), Clifton Hill ($630), Brighton East ($608) and North Melbourne ($590).

Melbourne

 

 

 

 

 

 

 

 

 

Related:
New price metric reveals the true cost of renting in Australian cities
Australia’s cheapest (and most expensive) suburbs revealed


WESTERN AUSTRALIA

  • Median rent:
    • Western Australia’s (WA) regional areas saw a small increase of 1.45 per cent between the quarters, increasing from $345 to $350.
    • Perth’s property market makeup in Q3 was 73.8 per cent houses, the highest number across the country.
    • Perth metro rentals saw no change in median rent from Q3 to Q2, sitting at $380.
  • Affordability:
    • The median price per room in Perth in Q3 was $130.
    • The top five cheapest suburbs were: Safety Bay ($280), Wembley ($280), Girrawheen ($283), Armadale ($288) and Osborne Park ($290), while the top 5 most expensive suburbs in WA in Q3 were: Mount Claremont ($880), City Beach ($875), Gwelup ($650), North Fremantle ($645) and Stirling ($638).

Perth


SOUTH AUSTRALIA

  • Median rent:
    • Adelaide median rents rose 3.03 per cent from $330 in Q2 to $340 in Q3. Apartments and houses were the cheapest to rent in SA for the Q3 period. The median rent for apartments was $190 per week, while houses would set a renter back $255 per week.
    • Properties in South Australia (SA) regional areas showed the median rent remained consistent between Q2 and Q3 at $250 per week.
    • Adelaide showed it had the lowest percentage makeup of apartments in Q3 – only 25 per cent, with the remaining 75 per cent houses. Adelaide also recorded the highest percentage of house listings across the country.
    • Renters could find the cheapest regional rentals in SA during Q3, with a median rent of $250 per week.
  • Affordability:
    • The median price per room in Sydney in Q3 was $125.
    • The top five most affordable suburbs were: Elizabeth Vale ($206), Elizabeth Grove ($225), Elizabeth South ($240), Devon Park ($243) and Elizabeth North ($255), while the top 5 most expensive suburbs in SA in Q3 were: Burnside ($583), West Lakes ($463), Eastwood ($450), Adelaide CBD ($450) and Kent Town ($450).

NORTHERN TERRITORY

  • Median rent:
    • Darwin apartments and houses experienced an overall 6.8 per cent rise in median rent to $470 in Q3 from $440 in Q2
    • The Northern Territory (NT) saw the largest increase in rent overall in regional areas, rising 7.1 per cent in Q3 to $450 per week, from $420 (Q2).
    • The most expensive apartments in regional Australia could be found in the NT for $440 per week.
  • Affordability:
    • The median price per room in Darwin in Q3 was $175.

AUSTRALIAN CAPITAL TERRITORY

  • Median rent:
    • Median rents in Canberra dropped 4.4 per cent from $450 in Q2 to $430 in Q3.
    • Properties in Australian Capital Territory’s (ACT) regional areas showed the median rent remained consistent between Q2 and Q3 at $450.
    • The ACT was in line with the NT as the two most expensive states to find rentals in Q3 at a median rent of $450 per week.
  • Affordability:
    • The median price per room in Canberra in Q3 was $183.

TASMANIA

  • Median rent:
    • Hobart apartments and houses experienced an overall 2.94 per cent decrease in median rent to $330 in Q3 from $340 in Q2
    • Rent in regional areas remain constant in Q3 at a median price of $260 per week.
  • Affordability:
    • The median price per room in Hobart in Q3 was $135.


Related:
New price metric reveals the true cost of renting in Australian cities
Australia’s cheapest (and most expensive) suburbs revealed


 

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