Adelaide is the most affordable for renters

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