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The best suburbs for renters from $225 per week

·Personal Finance Editor
·3-min read
A sign out the front of a home that was for rent but has a sticker on it to indicate it has been leased and the roofs of houses and the CBD in the background.
The Aussie rental market is tight but there are still some good opportunities for renters. (Source: Getty)

It’s tough for renters around the country, with prices climbing and fewer properties on the market but there are still some safe havens for tenants.

And while tenant-friendly suburbs still exist, they're becoming harder to find, according to the RentRabbit Better Renting Report.

The quarterly report identified Australia's top 20 suburbs where conditions have actually turned in favour of renters over the past 12 months.

For suburbs to be considered tenant-friendly, they needed to be large enough (at least 1,000 properties) and close enough to the nearest capital city CBD (within 250km).

Vacancy rates also needed to show an increase of at least 0.5 per cent in the past year and rent prices needed to have either fallen or stayed the same.

This quarter, fewer than 50 suburbs in the entire country met all the criteria.

The suburbs were then ranked based on how much their vacancy rate had increased compared to 12 months earlier.

The suburbs were spread around New South Wales (8), Victoria (4), Queensland (3),

Western Australia (3), South Australia (1) and the ACT (1).

All the suburbs had a vacancy rate of at least 2 per cent, while weekly rents ranged from $225 to $1,500.

RentRabbit co-founder Ben Pretty said it was a real concern that there were so few tenant-friendly suburbs in Australia right now.

“Throughout much of Australia, the data shows that vacancy rates are low, vacancy rates are falling and rents are rising,” he said.

“Thankfully though, there are some markets where vacancy rates are increasing and rents are decreasing, which means tenants aren’t completely out of options.”

Pretty said that despite there being some good opportunities for renters, he was concerned about the future.

“Now that the international border has reopened, our population growth is likely to return to pre-pandemic levels,” he said.

“Unless we see a corresponding increase in the supply of rental properties, the number of tenant-friendly suburbs is likely to decrease.”

Here are the top 20 suburbs for renters and their medium weekly rent price.

  1. Coolbinia, WA - $510 per week

  2. Essendon West, VIC - $435 per week

  3. Barwon Heads, VIC - $600 per week

  4. Prairiewood, NSW - $470 per week

  5. Gwelup, WA - $650 per week

  6. Bellfield, VIC - $490 per week

  7. Castlecrag, NSW - $1,500 per week

  8. Beacon Hill, NSW - $480 per week

  9. North Narrabeen, NSW - $520 per week

  10. Nagambie, VIC - $230 per week

  11. Russell Island, QLD - $225 per week

  12. Mullaloo, WA - $590 per week

  13. Speers Point, NSW - $450 per week

  14. Putney, NSW - $580 per week

  15. Deakin, ACT - $820 per week

  16. Windang, NSW - $320 per week

  17. Tempe, NSW - $320 per week

  18. Henley Beach South, SA - $680 per week

  19. Heathwood, QLD - $400 per week

  20. Robertson, QLD - $365 per week

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