Australia’s Most Affordable and Most Expensive Suburbs

Hand and suburbs

According to the latest figures released by RENT, median rents for both apartments and houses in Australia remained stable at $430/week and $420/week, respectively, in August 2017.

However, median rent in Darwin declined 8% to $460/week, even though the market in general was steady.

All capital cities except Brisbane showed improvement in time on market. But Hobart had the highest decline, falling 35% to 10.9 days.

Perth’s real estate market may be on the rebound, with median rent for apartments rising 3.2% to $320/week.

Here are the top 10 cheapest and most expensive Australian suburbs by state, according to rent.com.au:

Queensland

Top 10 Most Affordable Suburbs

  1. Chinchilla, QLD – $200/week
  2. Emerald, QLD – $230/week
  3. Mackay, QLD – $240/week
  4. Gracemere, QLD – $270/week
  5. Woodridge, QLD – $290/week
  6. Kirwan, QLD – $300/week
  7. Mount Isa, QLD – $300/week
  8. Redbank Plains, QLD – $330/week
  9. Caboolture, QLD – $330/week
  10. Kallangur, QLD – $340/week

Top 10 Most Expensive Suburbs

  1. Robina, QLD – $520/week
  2. Brisbane City, QLD – $500/week
  3. Teneriffe, QLD – $490/week
  4. South Brisbane, QLD – $485/week
  5. Varsity Lakes, QLD – $495/week
  6. Kangaroo Point, QLD – $460/week
  7. Spring Hill, QLD – $450/week
  8. Surfers Paradise, QLD – $450/week
  9. Woolloongabba, QLD – $440/week
  10. Indooroopilly, QLD – $430/week

New South Wales

Top 10 Most Affordable Suburbs

  1. Muswellbrook, NSW – $300/week
  2. Wagga Wagga, NSW – $300/week
  3. Taree, NSW – $300/week
  4. Bathurst, NSW – $310/week
  5. Armidale, NSW – $310/week
  6. Orange, NSW – $310/week
  7. Queanbeyan, NSW – $295/week
  8. Tamworth, NSW -$330/week
  9. Dubbo, NSW – $340/week
  10. Cabramatta, NSW – $350/week

Top 10 Most Expensive Suburbs

  1. Sydney, NSW – $770/week
  2. Pyrmont, NSW – $750/week
  3. Coogee, NSW – $750/week
  4. Bondi Beach, NSW – $750/week
  5. Manly, NSW – $750/week
  6. Zetland, NSW – $750/week
  7. Surry Hills, NSW – $740/week
  8. Paddington, NSW – $730/week
  9. Mosman, NSW – $700
  10. Bondi, NSW – $700/week

Victoria

Top 10 Most Affordable Suburbs

  1. Shepparton, VIC – $280/week
  2. Traralgon, VIC – $285/week
  3. Mildura, VIC – $290/week
  4. Wodonga, VIC – $295/week
  5. Dandenong, VIC – $300/week
  6. Warrnambool, VIC – $300/week
  7. Werribee, VIC – $320/week
  8. St Albans, VIC – $340/week
  9. Wyndham Vale, VIC – $340/week
  10. Hoppers Crossing, VIC – $340/week

Top 10 Most Expensive Suburbs

  1. Brighton, VIC – $717/week
  2. Docklands, VIC – $610/week
  3. Southbank, VIC – $580/week
  4. Richmond, VIC – $560/week
  5. Port Melbourne, VIC – $550/week
  6. South Melbourne, VIC – $515/week
  7. Kew, VIC – $507.50/week
  8. South Yarra, VIC – $500/week
  9. Melbourne, VIC – $500/week
  10. Glen Waverley, VIC – $480/week

Western Australia

Top 10 Most Affordable Suburbs

  1. Armadale, WA – $250/week
  2. Mandurah, WA – $250/week
  3. Gosnells, WA – $280/week
  4. Wembley, WA – $295/week
  5. Maylands, WA – $300/week
  6. Rockingham, WA – $300/week
  7. South Hedland, WA – $300/week
  8. Balga, WA – $300/week
  9. Kalgoorlie, WA – $305/week
  10. Victoria Park, WA – $305/week

Most Expensive Suburbs

Western Australia’s priciest suburbs:

  1. East Perth, WA – $450/week
  2. Fremantle, WA – $420/week
  3. Subiaco, WA – $420/week
  4. Innaloo, WA – $405/week
  5. Perth, WA – $400/week
  6. West Perth, WA – $395/week
  7. Canning Vale, WA – $390/week
  8. Scarborough, WA – $367.50/week
  9. South Perth, WA – $365/week

South Australia

Top 10 Most Affordable Suburbs

  1. Whyalla Norrie, SA – $170/week
  2. Whyalla Stuart, SA – $170/week
  3. Port Augusta, SA – $197.50/week
  4. Port Pirie, SA – $200/week
  5. Whyalla, SA – $120/week
  6. Elizabeth North, SA – $222.50/week
  7. Davoren Park, SA – $227.50/week
  8. Elizabeth Grove, SA – $230/week
  9. Salisbury, SA – $240/week
  10. Renmark, SA – $240/week

Top 10 Most Expensive Suburbs

  1. Adelaide, SA – $450/week
  2. Norwood, SA – $450/week
  3. North Adelaide, SA – $450/week
  4. Warradale, SA – $425/week
  5. Parkside, SA – $425/week
  6. Seacombe Gardens, SA – $395/week
  7. Fulham, SA – $392.50/week
  8. Glenelg, SA – $385/week
  9. Marion, SA – $382.50
  10. Woodville West, SA – $380/week