Ensure you never miss an issue of the
real estate business bulletin
Cheapest places to rent in Australia revealed

Cheapest places to rent in Australia revealed

by Elyse Perrau 1 comments

It may seem impossible, but there are still places in Australia with average weekly rentals of less than $150.

It may seem impossible, but there are still places in Australia with average weekly rentals of less than $150.

Statistics provided by Corelogic RP Data for January 2015 showed towns in Victoria and Tasmania dominated the top 10 as most affordable to rent. 

Newborough in central Victoria topped the list, with an average weekly rent of $120. This was down from $140 in January 2014. 

Queenstown in Tasmania recorded an average weekly rent of $143, which remained unchanged from January last year.

Next came Millicent in South Australia, which fell from $190 to $148.

Central Victoria made its second appearance in the top 10, with Moe also decreasing in average weekly rent from $210 to $150.

Both Zeehan and Roseberry, situated in Tasmania, recorded an average asking rent of $150.

Zeehan’s rent fell slightly from $153 in January 2014, while Roseberry had no data available for the previous year.

Peterborough in South Australia also dropped marginally from $153 to $150.

Ouyen in Victoria also made the top 10, with an average asking rent of $160 (no data was available for the previous year).

It was followed closely by the fourth Victorian town, Morwell, which had an average weekly rent rate of $165, down slightly from $168.

Corowa in New South Wales also recorded a median weekly rent of $165, a steep drop from $230 a year ago. 

 

Cheapest places to rent in Australia 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
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

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?