Economy

Property investors take note – here are 53 suburbs where rent rises are beating inflation

SmartCompany
February 14, 2012

Fairfield, six kilometres north east of the Melbourne CBD, topped the list of suburbs to record inflation-busting rental growth for the year to January 2012 with rents rising 13.4% according to property manager Run Property.

In total 28 Sydney suburbs, 23 Melbourne suburbs and two Brisbane suburbs recorded rent rises above inflation (4.8%) over the 12 month period.

The list only includes those suburbs where RUN has sufficient data to give an indication of rental movement.

The rental component within the CPI recorded a 4.8% increase during the 2011 calendar year, according to the Australian Bureau of Statistics.

The full list is:

New South Wales

Suburb

Jan 2011 weekly rent average  

Jan 2012 weekly rent average 

Average weekly rent difference in dollars 

 

Percentage average weekly rent difference 

 

EDGECLIFF

$389.26

$438.28

$49.02

12.6%

CREMORNE

$469.92

$524.97

$55.04

11.7%

SURRY HILLS

$495.16

$551.96

$56.79

11.5%

BELLEVUE HILL

$434.99

$479.98

$45.00

10.3%

COOGEE

$588.83

$649.57

$60.73

10.3%

RANDWICK

$555.48

$611.05

$55.58

10.0%

RYDE

$346.19

$380.41

$34.22

9.9%

NEUTRAL BAY

$446.15

$489.46

$43.31

9.7%

BONDI

$552.38

$601.14

$48.76

8.8%

RUSHCUTTERS BAY

$584.35

$635.47

$51.11

8.7%

LANE COVE

$408.76

$444.38

$35.62

8.7%

BRONTE

$499.04

$541.44

$42.40

8.5%

ROSE BAY

$466.21

$504.98

$38.77

8.3%

NEWTOWN

$532.41

$576.16

$43.75

8.2%

GLEBE

$492.92

$531.67

$38.75

7.9%

WOOLLOOMOOLOO

$503.66

$542.57

$38.91

7.7%

CHIPPENDALE

$592.24

$636.35

$44.11

7.4%

DARLINGHURST

$512.71

$550.51

$37.80

7.4%

PYRMONT

$612.42

$655.61

$43.18

7.1%

Victoria

 

Suburb

Jan 2011 weekly rent average 

Jan 2012 weekly rent average 

Average weekly rent difference in dollars 

Percentage average weekly rent difference 

 

FAIRFIELD

$292.89

$332.11

$39.22

13.4%

EAST MELBOURNE

$376.26

$414.26

$38.00

10.1%

FITZROY

$337.27

$368.94

$31.67

9.4%

RICHMOND

$343.74

$375.94

$32.20

9.4%

ARMADALE

$328.95

$358.33

$29.38

8.9%

PRAHRAN

$359.29

$390.25

$30.96

8.6%

FITZROY NORTH

$410.92

$445.60

$34.68

8.4%

SOUTH YARRA

$361.03

$390.72

$29.69

8.2%

HAWTHORN

$344.52

$371.02

$26.50

7.7%

NORTHCOTE

$412.05

$443.64

$31.59

7.7%

CARLTON NORTH

$399.47

$429.61

$30.14

7.5%

KENSINGTON

$365.27

$392.48

$27.21

7.4%

ST KILDA EAST

$366.57

$391.50

$24.93

6.8%

MALVERN EAST

$377.66

$402.50

$24.84

6.6%

BRUNSWICK

$362.21

$385.75

$23.54

6.5%

MALVERN

$391.60

$415.64

$24.04

6.1%

CLIFTON HILL

$391.11

$414.99

$23.88

6.1%

ESSENDON

$299.75

$317.63

$17.88

6.0%

BRUNSWICK WEST

$263.60

$278.85

$15.25

5.8%

MOONEE PONDS

$308.91

$326.57

$17.65

5.7%

GLEN IRIS

$378.82

$399.69

$20.87

5.5%

Queensland

 

Suburb 

Jan 2011 weekly rent average 

Jan 2012 weekly rent average 

Average weekly rent difference in dollars 

Percentage average weekly rent difference 

 

 

NUNDAH

$290.57

$310.50

$19.93

6.9%

AUCHENFLOWER

$324.71

$341.18

$16.47

5.1%

This article first appeared on Property Observer.

ABOUT THE AUTHOR

SmartCompany
SmartCompany is the leading online publication in Australia for free news, information and resources catering to Australia’s entrepreneurs, small and medium business owners and business managers.

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