Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

5 Australian suburbs where rents climbed nearly 50%

By Staff Reporter
01 February 2022 | 1 minute read
Palm Beach NSW

Australian rental markets have been on a rollercoaster over the past year. New data puts that in sharp perspective, revealing increases of nearly 50 per cent in some of the most sought-after suburbs.

Seaside and regional areas saw both their sales and rental markets heat up over the course of 2021, with an influx of movers from major cities seeking lifestyle shifts. Outlying city suburbs offering more space also proved to be popular, with many looking for room to add a home office.

New research from PropTrack has revealed just how quickly some rents have climbed. The top five suburbs for rental growth in Australia share the characteristics of being attractive lifestyle localities with tight sales markets where purchasing has become difficult.

Three of the top five fell within Sydney’s north. East Lindfield topped the list with a 46.3 per cent increase in rents in 2021. Larger family homes proved to be the drawcard in this suburban pocket on the Upper North Shore.

Meanwhile, spots like Palm Beach and North Balgowlah in Sydney proved popular for their proximity to the beach, as did regional locations like Encounter Bay in South Australia and Doonan on Queensland’s Sunshine Coast.

These are the top five Australian suburbs with the highest rental increases over 2021:

  1. East Lindfield, NSW, $1,390 per week, a 46.3 per cent increase
  2. Encounter Bay, SA, $510 per week, up 45.7 per cent
  3. Palm Beach, NSW, $1,450 per week, up 45.4 per cent
  4. North Balgowlah, NSW, $1,600 per week, up 42.2 per cent
  5. Doonan, Qld, $880 per week, up 40.8 per cent



5 Australian suburbs where rents climbed nearly 50%
Palm Beach NSW reb
lawyersweekly logo

Tags:

Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.