Rent crisis: The suburbs where rents skyrocketed almost 50%
Aussies living in regional and inner-city suburbs alike are facing staggering rent hikes.
Rents are skyrocketing across Australia, with both regional and inner-city dwellers feeling the squeeze.
New data from PropTrack has revealed the Aussie suburbs where rents have soared in the last 12 months due to tight supply and high demand.
For houses, nine out of the top 10 suburbs that experienced the biggest increases were in regional Australia. This was due to Aussies flocking to regional areas looking for more space and a regional lifestyle, PropTrack said.
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The worst affected suburb was Katanning, almost 280 kilometres south-east of Perth, where median rents increased a whopping 47 per cent to $375 per week.
Rents in Port Broughton, 170 kilometres north-west of Adelaide, skyrocketed 43 per cent to $340 per week.
Aussies renting apartments in inner-city suburbs also saw massive hikes, with PropTrack noting the popularity of higher-density living post-COVID.
Units in Melbourne’s CBD increased 42 per cent to $540 per week, while units in Darlington in inner-city Sydney jumped 38 per cent to $565 per week.
Suburbs with the biggest rent hikes
Here are the suburbs that experienced the largest rent increases in the past 12 months, according to PropTrack.
Katanning, WA - $375 - 47 per cent
Port Broughton, SA - $340 - 43 per cent
Gatton, Qld - $460 - 41 per cent
Elliott Heads, Qld - $480 - 41 per cent
Orbost, Vic - $340 - 40 per cent
Stanwell Park, NSW - $910 - 39 per cent
Catherine Hill Bay, NSW - $715 - 38 per cent
Wamuran, Qld - $660 - 35 per cent
Rochester, Vic - $455 - 35 per cent
Wongan Hills, WA - $315 - 35 per cent
Melbourne, Vic - $540 - 42 per cent
Darlington, NSW - $565 - 38 per cent
The Rocks, NSW - $975 - 35 per cent
Clear Island Waters, Qld - $745 - 34 per cent
Stockton, NSW - $480 - 33 per cent
Bayview, NSW - $930 - 33 per cent
Sydney, NSW - $790 - 33 per cent
Carlton, Vic - $455 - 30 per cent
Forrestfield, WA - $455 - 30 per cent
West Melbourne, Vic - $500 - 30 per cent
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