The report is based on data collected from property research firm Suburbtrends which revealed in all the suburbs identified in the top 20, rents have increased at least 33% during the past 12 months.

Vacancy rates are under 1% and in some cases at 0% in all 20 suburbs.

Hood.ai founder and CEO Tommy Fraser said this report highlights the issue of rental affordability, which has received plenty of coverage throughout the federal election campaign.

“Traditionally, when renters get priced out of an area, they tend to shift to a cheaper suburb nearby, but that’s become increasingly hard in the current market, which is forcing tenants to move even further in search of affordable accommodation," Mr Fraser said. 

“If you live in any of the suburbs mentioned in this report, take note, because there’s a strong chance your landlord will increase your rent at the next rental review.”

The report features suburbs spread primarily across regional locations, with only three lying within capital cities.

New South Wales recorded the highest number with eight suburbs, while Tasmania, South Australia and the Australian Capital Territory did not make the list. 

Top 20 suburbs tipped to increase rent

Rank Suburb Property Type Median Weekly Rent Annual Rent Increase
1 Bogangar, NSW, 2488 Unit $650 52.9%
2 Burrum Heads, QLD, 4659 House $500 51.5%
3 Avoca, QLD, 4670 Unit $330 50.0%
4 Hastings Point, NSW, 2489 Unit  $650 47.7%
5 Paradise Point, QLD, 4216 House $745 47.5%
6 Leeming, WA, 6149 Unit $450 45.2%
7 Tarrawanna, NSW, 2518 House $750 44.2%
8 Colo Vale, NSW, 2575 House $600 42.9%
9 Brunswick Heads, NSW, 2483 House $795 42.0%
10 Howard Springs, NT, 0835 House $695 41.8%
11 Beechboro, WA, 6063 Unit $380 40.7%
12 Cooma, NSW, 2630 Unit $330 40.4%
13 Kambalda West, WA, 6442 House $280 40.0%
14 Sussex Inlet, NSW, 2540 Unit $415 38.3%
15 Chelmer, QLD, 4068 House $685 37.0%
16 Kahibah, NSW, 2290 House $600 36.4%
17 Rochester, VIC, 3561 House $380 35.7%
18 Chuwar, QLD, 4306 House $430 34.4%
19 Quindalup, WA, 6281 House $670 34.0%
20 Pomoma, QLD, 4568 House $600 33.3%

Advertisement

Buying an investment property or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for investors.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.19% p.a.
6.58% p.a.
$2,589
Principal & Interest
Variable
$0
$530
90%
Featured 90% LVR
  • You MUST already have Solar or a documented plan to install within 90 days to be eligible for this loan
  • Available for refinance or purchase
  • No monthly, annual or ongoing fees
6.29% p.a.
6.20% p.a.
$2,473
Principal & Interest
Variable
$0
$0
80%
Featured Apply In Minutes
  • A low-rate variable investment home loan from a 100% online lender. Backed by the Commonwealth Bank.
6.34% p.a.
6.59% p.a.
$2,486
Principal & Interest
Variable
$248
$350
70%
  • $0 application fee
  • Fast turnaround times
  • Estimate your borrowing power in as little as 1 minute
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Image by JHertle via Pixabay





Ready, Set, Buy!


Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!

With bonus Q&A sheet and Crossword!

By subscribing you agree to our privacy policy