December, 2017

The South Australian Government is injecting billions of dollars into Adelaide’s infrastructure, and now there’s good news for renters too.

According to renter.com.au (ASX: RNT), the average weekly rent for an apartment in Adelaide is $290 a week. If you prefer a house, then Perth is for you. In the Western Australian capital, the average weekly housing rent is $350. The next most affordable is Hobart, where the average house rents for $395 a week.

Comparatively, average rents rose in three states in October, according to renter.com.au. Victoria was up 1.78% to an average weekly rent of $285, with Western Australia increasing by 1.56% to $325 a week and South Australia by 1.96% to $260 a week.

*All figures sourced from CoreLogic’s Hedonic Home Value Index November 2017