Australia’s most challenging suburbs for tenants
Are you curious about the current state of renting in Australia? New data has just shone a light on the challenges facing renters across the country. The statistics are eye-opening, with some tenants dedicating over 40 percent of their income to rent payments. On top of that, many have had to endure rent increases exceeding 10 percent in the past year alone.
Suburbtrends, in its September "Rental Pain Index," has ranked Australian suburbs based on various factors, including average rent hikes, the proportion of income spent on rent, and rental vacancies. The index scale ranges from one (excellent) to 100 (time to move out), and the results are striking. Let's count down the top 10 most demanding suburbs for renters in Australia:
10. Kincumber - Picketts Valley, NSW
Located on the stunning Central Coast of New South Wales, Kincumber and Picketts Valley offer a relaxed coastal lifestyle. These suburbs are known for their beautiful beaches, lush national parks, and a strong sense of community.
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- Average 12-month rental increase: Six percent
- Rental affordability as a percentage of income: 44 percent
- Vacancy rate: 0.57 percent
- Rental pain index: 99
9. Bass Hill - Georges Hall, NSW
Bass Hill and Georges Hall are situated in Sydney's west. They are known for their multicultural communities and proximity to essential amenities, making them popular choices for families.
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- Average 12-month rental increase: 17 percent
- Rental affordability as a percentage of income: 45 percent
- Vacancy rate: 1.08 percent
- Rental pain index: 99
8. St Johns Park - Wakeley, NSW
These western Sydney suburbs are characterized by their family-friendly atmosphere and access to parks and schools. They offer a suburban lifestyle within reach of the city.
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- Average 12-month rental increase: 15 percent
- Rental affordability as a percentage of income: 35 percent
- Vacancy rate: 0.87 percent
- Rental pain index: 100
7. Seaton - Grange, SA
Seaton and Grange are coastal suburbs in South Australia. With beautiful beaches and a relaxed vibe, they are popular among beach lovers and offer a quintessential Aussie lifestyle.
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- Average 12-month rental increase: 13 percent
- Rental affordability as a percentage of income: 35 percent
- Vacancy rate: 0.93 percent
- Rental pain index: 100
6. Invermay, Tasmania
Invermay is part of the vibrant city of Launceston in Tasmania. Known for its historic architecture and cultural scene, it's a charming place to call home.
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- Average 12-month rental increase: Nine percent
- Rental affordability as a percentage of income: 35 percent
- Vacancy rate: 0.87 percent
- Rental pain index: 100
5. Rothwell - Kippa-Ring, Queensland
These suburbs are nestled in the Moreton Bay region, known for its water-based activities and family-friendly lifestyle. It's a haven for those who love coastal living.
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- Average 12-month rental increase: 15 percent
- Rental affordability as a percentage of income: 38 percent
- Vacancy rate: 0.28 percent
- Rental pain index: 100
4. Salisbury, SA
Salisbury is a well-established suburb in Adelaide known for its parks and reserves, making it ideal for nature enthusiasts.
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- Average 12-month rental increase: 13 percent
- Rental affordability as a percentage of income: 35 percent
- Vacancy rate: 0.58 percent
- Rental pain index: 100
3. Meridan Plains - Little Mountain (North), Queensland
These suburbs are part of the Sunshine Coast and are renowned for their proximity to beautiful beaches and family-friendly communities.
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- Average 12-month rental increase: Nine percent
- Rental affordability as a percentage of income: 40 percent
- Vacancy rate: 0.41 percent
- Rental pain index: 100
2. Ashcroft - Busby - Miller, NSW
Located in Sydney's southwest, these suburbs offer a suburban lifestyle with access to parks and schools, making them attractive to families.
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- Average 12-month rental increase: 10 percent
- Rental affordability as a percentage of income: 41 percent
- Vacancy rate: 0.7 percent
- Rental pain index: 100
1. Christie Downs, SA
Christie Downs is part of Adelaide's southern suburbs and is known for its community spirit and family-oriented environment.
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- Average 12-month rental increase: 10 percent
- Rental affordability as a percentage of income: 41 percent
- Vacancy rate: 0.77 percent
- Rental pain index: 100
These figures shed light on the challenging conditions faced by renters in various Australian suburbs. With skyrocketing rents and a high proportion of income going towards housing, it's crucial for renters to be aware of their options and seek support when needed.
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Renting in Australia is no easy feat, but with the right knowledge and support, you can navigate the challenges and find the perfect place to call home.