Ensure you never miss an issue of the
real estate business bulletin
The priciest suburbs for rental units revealed

The priciest suburbs for rental units revealed

by Staff Reporter 0 comments

RP Data has highlighted the suburbs across Australia with the most expensive median weekly rent for units.

The suburb of North Fremantle in Perth, WA, took out the number one spot for most pricey rental units, with a median weekly advertised rent of $750.

North Fremantle is located approximately 15 kilometres south west of Perth.

Based on the median unit price and the weekly rental rate, the indicative gross rental yield for a North Fremantle unit was 4.1 per cent over the year to May 2014.  

Milsons Point in North Sydney, NSW, came second with a median weekly advertised rent for units of $740.

Milsons Point is located three kilometres north of the Sydney CBD and the indicative gross rental yield for units in Milsons Point was recorded at 3.2 per cent over the 12 months to May 2014.

In third place, Clovelly in Sydney, NSW, has a median weekly advertised rent of $700.

The beachside suburb of Clovelly is located eight kilometres south east of the Sydney CBD and the indicative gross rental yield for a Clovelly unit was 4.2 per cent over the year.

The suburbs rounding out the top 10 are detailed below:

 

Burswood, Victoria Park, Perth, WA

Median weekly advertised rent: $695

 

Balmain, Leichhardt, Sydney, NSW

Median weekly advertised rent: $680

 

Breakfast Point, Canada Bay, Sydney, NSW

Median weekly advertised rent: $680

 

Fairlight, Manly, Sydney, NSW

Median weekly advertised rent: $675

 

Pyrmont, Sydney, Sydney, NSW

Median weekly advertised rent: $663

 

Double Bay, Woollahra, Sydney, NSW

Median weekly advertised rent: $660

 

Bondi, Waverley, Sydney, NSW

Median weekly advertised rent: $650

The priciest suburbs for rental units revealed
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?