Rent Rabbit Tenant Opportunity Report reveals top 20 tenant-friendly suburbs within commuting distance of Melbourne’s CBD
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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 Report identifies the top 20 suburbs where tenants can find affordable rents in decent suburbs that are within commuting distance of the CBD.
To make sure suburbs are suitable for families, only house markets are considered – unit markets are excluded. To further ensure markets are tenant-friendly, suburbs are excluded if their SA3 is more than 100km from the CBD and their SEIFAscore is lower than 4.
That leaves a small list of Melbourne 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 $410 or below, while most were located within 40km of the CBD.
Rent Rabbitco-founder Ben Pretty said life is tough right now for tenants on average incomes.
“Vacancy rates are low in many parts of Melbourne and landlords are responding by jacking up rental rates,” he said.
“I really feel for tenants who are being forced out of their homes and suburbs, especially when they have kids who are forced to change schools.
“The Rent Rabbit Tenant Opportunity Report aims to help everyday tenants identify rental markets that are affordable, while also being livable and commutable. That way, they can focus on raising their families and building their lives, without having to worry about whether they can afford to pay their bills.”
Top 20 ranking
Rank
Suburb
Postcode
Distance to Melbourne*
Median Weekly Rent
1
Hoppers Crossing
3029
37km
$350
2
Wyndham Vale
3024
37km
$355
3
Derrimut
3030
18km
$380
4
Pakenham
3810
74km
$380
5
Tarneit
3029
37km
$390
6
Epping
3076
34km
$390
7
Mill Park
3082
34km
$390
8
Sunbury
3429
33km
$395
9
Truganina
3029
37km
$400
10
Mickleham
3064
19km
$400
11
Craigieburn
3064
19km
$400
12
Mernda
3754
34km
$400
13
Narre Warren
3805
44km
$400
14
Bacchus Marsh
3340
43km
$400
15
Reservoir
3073
11km
$405
16
Cranbourne West
3977
50km
$410
17
Belmont
3216
68km
$410
18
Point Cook
3030
37km
$410
19
Keilor Downs
3038
18km
$410
20
Endeavour Hills
3802
44km
$410
* ‘Distance to Melbourne’ is not the average distance of the suburb to Melbourne but the average distance of the suburb’s ‘SA3’ (a technical term the Australian Bureau of Statistics uses to define a cluster of suburbs) to Melbourne.
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