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
- Chinchilla, QLD – $200/week
- Emerald, QLD – $230/week
- Mackay, QLD – $240/week
- Gracemere, QLD – $270/week
- Woodridge, QLD – $290/week
- Kirwan, QLD – $300/week
- Mount Isa, QLD – $300/week
- Redbank Plains, QLD – $330/week
- Caboolture, QLD – $330/week
- Kallangur, QLD – $340/week
Top 10 Most Expensive Suburbs
- Robina, QLD – $520/week
- Brisbane City, QLD – $500/week
- Teneriffe, QLD – $490/week
- South Brisbane, QLD – $485/week
- Varsity Lakes, QLD – $495/week
- Kangaroo Point, QLD – $460/week
- Spring Hill, QLD – $450/week
- Surfers Paradise, QLD – $450/week
- Woolloongabba, QLD – $440/week
- Indooroopilly, QLD – $430/week
New South Wales
Top 10 Most Affordable Suburbs
- Muswellbrook, NSW – $300/week
- Wagga Wagga, NSW – $300/week
- Taree, NSW – $300/week
- Bathurst, NSW – $310/week
- Armidale, NSW – $310/week
- Orange, NSW – $310/week
- Queanbeyan, NSW – $295/week
- Tamworth, NSW -$330/week
- Dubbo, NSW – $340/week
- Cabramatta, NSW – $350/week
Top 10 Most Expensive Suburbs
- Sydney, NSW – $770/week
- Pyrmont, NSW – $750/week
- Coogee, NSW – $750/week
- Bondi Beach, NSW – $750/week
- Manly, NSW – $750/week
- Zetland, NSW – $750/week
- Surry Hills, NSW – $740/week
- Paddington, NSW – $730/week
- Mosman, NSW – $700
- Bondi, NSW – $700/week
Victoria
Top 10 Most Affordable Suburbs
- Shepparton, VIC – $280/week
- Traralgon, VIC – $285/week
- Mildura, VIC – $290/week
- Wodonga, VIC – $295/week
- Dandenong, VIC – $300/week
- Warrnambool, VIC – $300/week
- Werribee, VIC – $320/week
- St Albans, VIC – $340/week
- Wyndham Vale, VIC – $340/week
- Hoppers Crossing, VIC – $340/week
Top 10 Most Expensive Suburbs
- Brighton, VIC – $717/week
- Docklands, VIC – $610/week
- Southbank, VIC – $580/week
- Richmond, VIC – $560/week
- Port Melbourne, VIC – $550/week
- South Melbourne, VIC – $515/week
- Kew, VIC – $507.50/week
- South Yarra, VIC – $500/week
- Melbourne, VIC – $500/week
- Glen Waverley, VIC – $480/week
Western Australia
Top 10 Most Affordable Suburbs
- Armadale, WA – $250/week
- Mandurah, WA – $250/week
- Gosnells, WA – $280/week
- Wembley, WA – $295/week
- Maylands, WA – $300/week
- Rockingham, WA – $300/week
- South Hedland, WA – $300/week
- Balga, WA – $300/week
- Kalgoorlie, WA – $305/week
- Victoria Park, WA – $305/week
Most Expensive Suburbs
Western Australia’s priciest suburbs:
- East Perth, WA – $450/week
- Fremantle, WA – $420/week
- Subiaco, WA – $420/week
- Innaloo, WA – $405/week
- Perth, WA – $400/week
- West Perth, WA – $395/week
- Canning Vale, WA – $390/week
- Scarborough, WA – $367.50/week
- South Perth, WA – $365/week
South Australia
Top 10 Most Affordable Suburbs
- Whyalla Norrie, SA – $170/week
- Whyalla Stuart, SA – $170/week
- Port Augusta, SA – $197.50/week
- Port Pirie, SA – $200/week
- Whyalla, SA – $120/week
- Elizabeth North, SA – $222.50/week
- Davoren Park, SA – $227.50/week
- Elizabeth Grove, SA – $230/week
- Salisbury, SA – $240/week
- Renmark, SA – $240/week
Top 10 Most Expensive Suburbs
- Adelaide, SA – $450/week
- Norwood, SA – $450/week
- North Adelaide, SA – $450/week
- Warradale, SA – $425/week
- Parkside, SA – $425/week
- Seacombe Gardens, SA – $395/week
- Fulham, SA – $392.50/week
- Glenelg, SA – $385/week
- Marion, SA – $382.50
- Woodville West, SA – $380/week
