New research identified markets for families looking for affordable rentals within commuting distance to the CBD.
The quarterly RentRabbit.com.au Tenant Opportunity Report revealed Victoria has the most options for affordability and location for families renting, with 15 suburbs on the top 20 list.
Western Australia and Queensland were also represented, with three and two suburbs respectively.
All the suburbs had a median weekly rent of $405 or below, and 19 of the 20 suburbs were located within 50km of the CBD.
RentRabbit co-founder Ben Pretty said life is tough right now for tenants on average incomes.
"Vacancy rates are low in many parts of Australia and landlords are responding by jacking up rental rates," he said.
"I really feel for tenants who are being forced out of their homes and suburbs, especially when they have kids who are forced to change schools.
"The RentRabbit.com.au Tenant Opportunity Report aims to help everyday tenants identify rental markets that are affordable, while also being liveable and commutable.
"That way, they can focus on raising their families and building their lives, without having to worry about whether they can afford to pay their bills."
RentRabbit top 20 rental suburbs
|
Rank |
State |
Suburb |
Postcode |
Distance to Capital City* |
Median Weekly Rent |
|
1 |
VIC |
Hoppers Crossing |
3029 |
37km |
$350 |
|
2 |
VIC |
Wyndham Vale |
3024 |
37km |
$355 |
|
3 |
VIC |
Derrimut |
3030 |
18km |
$380 |
|
4 |
VIC |
Pakenham |
3810 |
74km |
$380 |
|
5 |
QLD |
Bellbird Park |
4300 |
23km |
$380 |
|
6 |
VIC |
Tarneit |
3029 |
37km |
$390 |
|
7 |
VIC |
Epping |
3076 |
34km |
$390 |
|
8 |
VIC |
Mill Park |
3082 |
34km |
$390 |
|
9 |
QLD |
Logan Reserve |
4133 |
27km |
$390 |
|
10 |
VIC |
Sunbury |
3429 |
33km |
$395 |
|
11 |
VIC |
Truganina |
3029 |
37km |
$400 |
|
12 |
VIC |
Mickleham |
3064 |
19km |
$400 |
|
13 |
VIC |
Craigieburn |
3064 |
19km |
$400 |
|
14 |
VIC |
Mernda |
3754 |
34km |
$400 |
|
15 |
VIC |
Narre Warren |
3805 |
44km |
$400 |
|
16 |
WA |
Thornlie |
6108 |
18km |
$400 |
|
17 |
VIC |
Bacchus Marsh |
3340 |
43km |
$400 |
|
18 |
WA |
Cannington |
6107 |
9km |
$400 |
|
19 |
WA |
Butler |
6036 |
18km |
$400 |
|
20 |
VIC |
Reservoir |
3073 |
11km |
$405 |
Source: RentRabbit
The data from the report identified the suburbs based on median weekly rent, ABS Socio-Economic Indexes for Areas, vacancy rates, and distance to the CBD.
New data from Domain showed rental prices surged 7% higher in capital cities in 2021.
By comparison, many of the suburbs listed in the RentRabbit report offer cheaper rental prices than the median prices in capital cities.
Median asking rental price - Houses
| Capital City | Dec-21 | Sep-21 | Dec-20 | Quarterly change | Annual change |
| Sydney | $600 | $580 | $550 | 3.4% | 9.1% |
| Melbourne | $445 | $430 | $440 | 3.5% | 1.1% |
| Brisbane | $480 | $460 | $425 | 4.3% | 12.9% |
| Adelaide | $450 | $440 | $410 | 2.3% | 9.8% |
| Perth | $460 | $450 | $415 | 2.2% | 10.8% |
| Canberra | $675 | $645 | $600 | 4.7% | 12.5% |
| Darwin | $600 | $620 | $550 | -3.2% | 9.1% |
| Hobart | $500 | $495 | $460 | 1.0% | 8.7% |
| Combined Capitals | $499 | $483 | $465 | 3.4% | 7.4% |
Source: Domain
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