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Suburbs where there are more rentals than 12 months ago

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People looking for rental properties these days are pushing prices up as they fight a shortage of supply and rising demand, but some areas have more homes to choose from than others.

According to PropTrack’s recent data, only 1.58% of the nationwide rental inventory is available for rent. The vacancy rate in metropolitan areas is 1.63%, and just 1.45% in rural Australia.

Affordable rental properties are hard to find in the city centre.Source: Getty


But it’s not all bad news. There are more suburbs available for rent than at the same time last year.

If you’re looking for properties in the Sydney, Melbourne and Brisbane metropolitan areas, more rental properties are available in newer developed suburbs about 45km outside the city.

Seven of the top 20 urban suburbs with the greatest year-over-year growth in available rental properties are in Sydney.

Both are highly developed fields in the last five to ten years.

Top 20 metropolitan areas with more rental properties than 12 months ago

Total number of active rentals in December 2022 compared to December 2021. Minimum of 10 properties per period. Source: realestate.com.au
rank Suburbs state % YoY increase in active listings Number of listings increased year-on-year median rent
1 Clyde North Big 89.50% 85 $470
2 Logan Reserve queensland 108.60% 76 $475
3 Marsden Park New South Wales 83.80% 67 $683
Four scofield New South Wales 35.70% 55 $595
Five park ridge queensland 59.30% 48 $490
6 Austral New South Wales 106.70% 48 $650
7 Kellyville New South Wales 44.10% 45 $720
8 Ripley queensland 91.80% 45 $470
9 Caboolture queensland 43.60% 44 $420
Ten Belconnen action 42.60% 40 $520
11 Thornhill Park Big 114.30% 40 $390
12 donny brook Big 190.00% 38 $440
13 repington New South Wales 105.60% 38 $650
14 Edmondson Park New South Wales 65.50% 36 $600
15 waran Big 94.70% 36 $400
16 Burpengary East queensland 159.10% 35 $550
17 box hill New South Wales 51.50% 34 $700
18 green bank queensland 122.20% 33 $550
19 Fraser Rise Big 114.80% 31 $450
20 greening action 100.00% 29 $500

Marsden Park, Schofields and Austral have an average of 56 more rentals available than they did 12 months ago.

Clyde North in Victoria and Logan Reserve and Park Ridge in Queensland also have similar options, offering more rentals than in previous years.

These suburbs have excellent amenities and transportation to the CBD and are more affordable than many areas closer to the city center.

This is a similar situation in many regions.

The towns of Orange, Dubbo and Port Macquarie top the regional list, with 144 more rental properties available in Orange compared to last year.

Top 20 neighborhood suburbs with more rentals than 12 months ago

Total number of active rentals in December 2022 compared to December 2021. Minimum of 10 properties per period. Source: realestate.com.au
Suburbs state % YoY increase in active listings Number of listings increased year-on-year median rent
orange New South Wales 86.20% 144 $500
Dubbo New South Wales 52.70% 77 $420
Port Macquarie New South Wales 43.20% 67 $500
Quenbeyan New South Wales 64.00% 48 $450
Armstrong Creek Big 81.00% 47 $490
Sippy Downs queensland 80.40% 41 $600
Broken Hill New South Wales 111.10% 40 $300
Benalla Big 118.80% 38 $390
Sale Big 64.40% 38 $400
Drouhin Big 117.90% 33 $415
Urangan queensland 177.80% 32 $480
Helensvale queensland 68.20% 30 $780
tally New South Wales 44.10% 30 $380
Bathurst New South Wales 31.30% 30 $380
Traralgon Big 24.20% 30 $380
Goulburn New South Wales 23.50% 28 $440
Googon New South Wales 135.00% 27 $750
Mittagong New South Wales 147.10% twenty five $600
Bowral New South Wales 66.70% twenty four $650
charlestown New South Wales 44.40% twenty four $500

Cuenbianan is only 15km from central Canberra, yet has a median weekly asking rent of $150 less than the capital.

In December 2022, there were 48 more rental properties on the market than the previous year.

The number of rental properties in the local city of Orange in December 2022 increased by 86% from the previous year.Source: Getty


And Armstrong Creek, in the fast-growing city of Geelong, had an additional 81% rental selection.

Inner-city rentals are in short supply and weekly rents continue to rise, but looking further away from the CBD offers more options and potentially lower costs. .

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