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The most affordable rents inside 20 km of metropolis centres

Throughout the mixed capital metropolis markets of Australia, lease values have risen one other 10% within the 12 months to September.

Restricted availability of inventory, a powerful internet abroad migration place and a normalisation between metropolis and regional inhabitants actions proceed to position upward stress on capital metropolis lease markets.

For people who work or research within the metropolis centre, lease choices are wanting more and more skinny, and as soon as comparatively unpopular areas could also be bourgeoning with rental demand from high-income professionals.

Renting Property

This report identifies the 5 lowest median rents for homes and items inside 20 km of Central Enterprise Districts (CBDs).

The evaluation relies on suburb-level markets, the place there was a minimal of 20 lease listings counted over the previous 12 months.

Solely markets with a excessive confidence median worth, as evaluated by CoreLogic have been included within the evaluation.

All information is to September thirty first.

The outcomes are unpacked by metropolis under.

From the gentrifying Internal South West of Sydney to the flood-prone properties of Rocklea in Brisbane, the evaluation reveals that whereas some suburbs could also be hidden gems for renters and buyers alike, others are priced with low rents for a cause.

Least expensive median rents inside 20 km of CBD – Sydney
Homes Models
Suburb Title SA4 Area Title Median weekly lease Suburb Title SA4 Area Title Median weekly lease
Auburn Sydney – Parramatta $648 Berala Sydney – Parramatta $486
South Granville Sydney – Parramatta $657 Wiley Park Sydney – Internal South West $491
Granville Sydney – Parramatta $673 Punchbowl Sydney – Internal South West $498
Regents Park Sydney – Parramatta $675 Lakemba Sydney – Internal South West $501
Sefton Sydney – Parramatta $676 Regents Park Sydney – Parramatta $509

The bottom rents inside 20 km of the Sydney CBD have been concentrated throughout Parramatta and the Internal South West.

Home rents on this record ranged from $648 in Auburn to $676 in Granville, which is round -15% decrease than the better capital metropolis median of $775 per week.

The unit markets pose notably good worth, with median rents averaging round -27% decrease than the Larger Sydney median unit lease of $680 per week.

For college students at Western Sydney College campuses in Parramatta and younger well being professionals, these markets could also be ideally suited rental areas.

Lakemba, which has the closest common proximity to the CBD among the many high 5, can also be a simple commute to Sydney’s fashionable internal west, the place there may be an abundance of leisure venues, breweries and in style eating places.

From an investor perspective, a few of these areas can also be engaging.

Every of the unit markets on the record has a gross lease yield of over 5%, and Lakemba items are presently recording a gross lease yield of 6.2%.


Least expensive median rents inside 20 km of CBD – Melbourne
Homes Models
Suburb Title SA4 Area Title Median weekly lease Suburb Title SA4 Area Title Median weekly lease
Albanvale Melbourne – West $441 Albion Melbourne – West $366
Laverton Melbourne – West $441 St Albans Melbourne – West $398
Broadmeadows Melbourne – North


$441 Deer Park Melbourne – West $406
Kings Park Melbourne – West $442 Kingsville Melbourne – West $411
Ardeer Melbourne – West $443 Thomastown Melbourne – North East $420

Eight of the ten markets with the bottom rents 20 km from the Melbourne CBD have been in Melbourne’s West.

The bottom home rents averaged $442 per week, or -23% under the Larger Melbourne weekly lease worth of $575.

Regardless of being inside 20 km of the CBD, commute occasions from suburbs like Albanvale and Kings Park to the town are round an hour by public transport.

This implies they will not be ideally suited places for college kids or younger professionals working within the metropolis, however for younger households, these suburbs supply comparatively low-priced home rents.

There are close by employment hubs round industrial and warehousing precincts within the metropolis’s west, and by automobile, the town is round a half-hour away.

Throughout the most affordable unit markets recognized, median rents vary from $366 per week in Albion, to $420 per week in Thomastown.

Rents throughout these suburbs are trending round -24% under the Larger Melbourne median of $528 per week.

Albion items had the most affordable median worth of those suburbs at $406,343, with lease yields recorded at 5.0%.


Least expensive median rents inside 20 km of CBD – Brisbane
Suburb Title SA4 Area Title Median weekly home lease Suburb Title SA4 Area Title Median weekly Unit lease
Woodridge (Qld) Logan – Beaudesert $501 Woodridge (Qld) Logan – Beaudesert $352
Inala Ipswich $503 Rochedale South Logan – Beaudesert $436
Ellen Grove Ipswich $523 Strathpine Moreton Bay – South $446
Darra Ipswich $526 Brendale Moreton Bay – South $459
Rocklea (Qld) Brisbane – South $544 Alexandra Hills Brisbane – East $468

The bottom median weekly rents inside 20 km of the Brisbane CBD have been largely throughout Ipswich and the Logan – Beaudesert market.

For home rents, weekly lease costs averaged round -19% under the Larger Brisbane median, and unit markets featured have been round -22% decrease.

Woodridge had the bottom median weekly rents for each homes ($501 per week) and items ($352 per week).

Woodridge items weren’t solely the most affordable median weekly rents inside 20km of the Brisbane CBD however have been the bottom of the median weekly rents throughout all of the capital metropolis markets analysed inside the 20 km vary.

The suburb is round a 20-minute commute to the Brisbane CBD by way of Springwood station and is conveniently situated inside Logan on the Karawatha Forest, and business centres of Logan Central and Slacks Creek.

Lease yields throughout items on this market have been recorded at 7.0% in September.

The bottom median weekly lease with the closest proximity listed was Rocklea, the place home rents have been recorded at $544 per week in September.

Whereas solely round 25 minutes drive from the CBD, Rocklea is a comparatively excessive flood danger space of Brisbane and is priced at a low stage to the neighbouring home markets of Salisbury ($624 per week), and Moorooka ($664 per week).


Least expensive median rents inside 20 km of CBD – Adelaide
Homes Models
Suburb Title SA4 Area Title Median weekly lease Suburb Title SA4 Area Title Median weekly lease
Salisbury (SA) Adelaide – North $473 Salisbury East Adelaide – North $361
Brahma Lodge Adelaide – North $475 Salisbury (SA) Adelaide – North $378
Salisbury Downs Adelaide – North $478 Kilburn Adelaide – North $397
Paralowie Adelaide – North $498 Klemzig Adelaide – North $402
Taperoo Adelaide – West $502 St Marys (SA) Adelaide – South $403

Eight of the ten least expensive markets inside 20 km of Adelaide CBD have been within the North Adelaide area, with St Marys items in Adelaide’s south, and Taperoo within the west, being the exceptions.

Adelaide lease values have climbed 7.2% prior to now 12 months, and 32.9% for the reason that begin of the pandemic, with median home rents sitting at $568 per week, and items at $463.

The bottom home rents inside 20 km ranged from $473 throughout Salisbury to $502 in Taperoo, putting median rents round -14% under Larger Adelaide median home rents.

The bottom weekly unit rents ranged from $361 per week in Salisbury East, to $403 in St Marys, averaging -16% under the city-wide median.

Taperoo stands out as one of the crucial distinctive suburbs to make an inventory of low cost leases.

It’s situated on the LeFevre Peninsula, the place the suburb boasts a gorgeous foreshore and seaside. Taperoo is an eight-minute drive to Port Adelaide, which is bourgeoning with breweries and cafes.

It may not be a primary selection of rental markets for younger professionals or college students, however for these keen to commute round an hour by practice to the town, it’s a comparatively inexpensive beachfront setting.



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