April RentRabbit.com.au Tenant Opportunity Report reveals Perth’s top 20 tenant-friendly suburbs
New research commissioned by RentRabbit.com.au has found Perth’s standout suburbs for tenants who want to live in good locations but have only average incomes.
The quarterly RentRabbit.com.au Tenant Opportunity Report identifies the top 20 suburbs in Perth where tenants can find affordable rents in decent suburbs that are within commuting distance of the CBD.
To make sure locations are tenant-friendly, suburbs are excluded if their SA3 is more than 100km from the CBD.
(The Australian Bureau of Statistics refers to a cluster of suburbs as a ‘statistical area 3’, or a ‘SA3’. SA3s often closely align to local government areas.)
Suburbs are also excluded if they have a low socio-economic status, as measured by having a SEIFA socio-economic score of less than 4.
(A SEIFA economic score is an Australian Bureau of Statistics measure that ranks areas in Australia according to relative socio-economic advantage and disadvantage. If a suburb has a score of 4, it means it’s in the fourth decile [i.e. 31-40%] in terms of its socio-economic position.)
That leaves a small list of Perth suburbs. To establish a top 20 ranking, these suburbs are then ranked based on weekly rental rates (from lowest to highest).
All the suburbs had a median weekly rent of $420 or below and were located within 35km of the CBD.
RentRabbit.com.auco-founder Ben Pretty said it’s encouraging to see that tenants still have some decent options, even if the odds are stacked against them in the current market.
“Perth’s vacancy rate has fallen considerably over the past five years, which has made it harder for tenants to find accommodation and has led to sharp rental increases,” he said.
“It’s definitely a landlord’s market in many parts of Perth, and I’ve been hearing some really harrowing stories of tenants doing it hard, especially families on lower incomes.
“The aim of the RentRabbit.com.au Tenant Opportunity Report is to show tenants that although conditions are tough right now, it’s still possible to find somewhere to live that’s affordable, desirable and commutable.”
RentRabbit.com.au is transforming the rental market. We are giving renters the confidence and transparency they deserve. Real reviews written by the people who lived in the property.
Together as a community, we will empower renters and improve the quality of information. Our voices will find a new home in our yellow comment-tail.
Search from over 2 million properties – then save them for comparison so you don’t have to waste time at open homes. Let’s say you’re a renter who’s just left one rental viewing at a property to go running to another open inspection. As you’re waiting in line, trying to through the door amongst 50…
Our rental system’s broken. It’s nobody’s fault, but everybody’s problem. Between difficult tenants, rental turnover, sudden repairs and the odd revenge review—being a private landlord can be tough. But it’s about to get easier. Rent Rabbit improves rental for everybody—including landlords. We use the engagement approach of companies like Airbnb and Uber to engage tenants…
RentRabbit is Australia’s newest provider of property information and analytics using user-generated data helping Aussie renters compare properties and be better informed. New research commissioned by Rent Rabbit has found the top 20 Melbourne rental markets for tenants who have average salaries and want to live in good areas. The quarterly Rent Rabbit Tenant Opportunity…
Do you own a rental property in Australia? Then you’ll know the rental market is more than just downright competitive. It’s absolutely flooding. No doubt you’re presented with rental application after rental application – but how can you attract the best tenants? The answer: engagement with the market through property reviews. This is more than…
New research commissioned by RentRabbit.com.au has found the top 20 rental markets in Western Australia that are desperate for more stock. The quarterly RentRabbit.com.au Rental Crisis Report identifies the top 20 suburbs in Western Australia where tenants desperately need more rental accommodation to come onto the market, because the suburbs: Have incredibly low vacancy rates…
New research commissioned by RentRabbit.com.au has found the top 20 Perth rental markets where conditions have most turned in favour of renters over the past 12 months. The quarterly RentRabbit.com.au Better Renting Report identifies Perth’s top 20 suburbs that are both suitable for renters and where conditions have turned in favour of renters over the…