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$2,394 a WEEK: The most expensive suburbs to rent

Eliza Bavin
·Personal Finance Editor
·2-min read
An aerial view of houses in Sydney's eastern suburbs.
Rents are rising around the country but some suburbs are more expenisve than others. (Source: Getty)

Rent prices are climbing, putting even more pressure on those struggling with the rising cost of living.

New research from CoreLogic has revealed the most expensive suburbs to rent in the Australian capitals, with the top spot costing as much as $2,394 a week on average.

The research found rent prices climbed about 1 per cent in March, and 2.6 per cent since January this year.

Canberra maintained its position as the most expensive capital city rental market - across both houses and units - with the typical rental house costing $743 per week, and a typical unit renting for $560 per week.

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Adelaide maintained its position as the most affordable capital city rental market across both property types, with the typical rental house costing $485 per week and a typical unit renting for $384 per week.

Nationally, it is becoming increasingly expensive to rent an apartment, with capital city unit rents outperforming capital city houses over the first quarter, rising 3.1 per cent and 2.2 per cent, respectively.

The average weekly rents in the capital cities now are:

  1. Canberra - $674

  2. Sydney - $621

  3. Darwin - $559

  4. Hobart - $532

  5. Brisbane - $523

  6. Perth - $496

  7. Melbourne - $468

  8. Adelaide - $464

Most expensive suburbs

Sydney

  1. Vaucluse - $2,394 per week

  2. Mosman - $1,873 per week

  3. Bellevue Hill - $1,819 per week

  4. Rose Bay - $1,807 per week

  5. Balgowlah Heights - $1,797 per week

Melbourne

  1. Brighton - $1,281 per week

  2. Toorak - $$1,114 per week

  3. Sandringham - $1,086 per week

  4. Hampton - $1,066 per week

  5. Brighton East - $1,042 per week

Brisbane

  1. Ascot - $1,055 per week

  2. Hamilton - $1,044 per week

  3. Bulimba - $1,037 per week

  4. Hawthorne - $1,002 per week

  5. Balmoral - $914 per week

Adelaide

  1. Glenelg South - $784 per week

  2. Malvern - $775 per week

  3. Myrtle Bank - $754 per week

  4. Unley - $753 per week

  5. Beaumont - $751 per week

Perth

  1. Dalkeith - $1,200 per week

  2. Cottesloe - $1,176 per week

  3. Mount Claremont - $1,117 per week

  4. City Beach - $1,105 per week

  5. Swanbourne - $1,092 per week

Hobart

  1. Sandy Bay - $722 per week

  2. Mount Nelson - $687 per week

  3. West Hobart - $685 per week

  4. North Hobart - $665 per week

  5. Mount Stuart - $662 per week

Darwin

  1. Stuart Park - $774

  2. Fannie Bay - $771

  3. Lyons - $763

  4. Parap - $758

  5. Muirhead - $731

Canberra

  1. Campbell - $978

  2. Wright - $950

  3. Farrer - $887

  4. Chapman - $885

  5. Turner - $884

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