Australia’s Cheapest Rental Market
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Australia’s Cheapest Rental Market

New research reveals the country’s most affordable suburbs.

By Terry Christodoulou
Mon, Jan 31, 2022 12:24pmGrey Clock < 1 min

According to CoreLogic’s quarterly Rental Review, Adelaide is the country’s most affordable rental market, claiming the title of cheapest suburb with Elizabeth South tenants paying just $317 on the median.

Each state’s most affordable houses to rent ranged from Melon in Victoria ($351), Tregear in Sydney ($404), Russell Island in Brisbane ($364), Medina in Perth ($372), Primrose Sands in Hobart ($442) and Moulden in Darwin ($500).

On the opposite end of the spectrum, Canberra remains the most expensive capital city rental market, with the median dwelling renting for $651 per week followed by Sydney ($604), Darwin ($561), Hobart ($521), Brisbane ($507) and Melbourne at $456 per week.

The tony eastern suburb of Vaucluse is Australia’s most expensive for house rentals with a weekly rent of $2308.

Sydney’s Point Piper is also the country’s most expensive rent for units at $1086 compared to Orelia, 40km south of Perth, which has the country’s most affordable median unit rent at $258 per week.

The quarterly Rental Review shows the national rental index increased 1.9% during the December quarter. Rents have risen 9.4% to December nationally.

Elsewhere, regional rents continued to outpace capital city rents in the fourth quarter — regional dwellings up 2.5% against the 1.6% rise in capital city rents, taking the annual regional rental growth rate t0 12.1%.



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The celebrity power couple are selling the 12-bedroom, 24-bathroom home barely a year after buying it

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Jennifer Lopez and Ben Affleck have officially put their massive Los Angeles mansion on the market for $68 million.

The lavish Beverly Hills property hit listing sites on Thursday, months after rumours began that the couple, who are reportedly estranged , were shopping the home around only a year after buying it for nearly $61 million.

The roughly 5-acre property—which is in a gated community and spans a massive 38,000 square feet—includes an indoor sports court with an adjacent gym and games room, according to the listing with Santiago Arana of the Agency. The firm declined to comment.

Lopez and Affleck paid $60.8 million for the compound in 2023.
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Built in 2000, the house has 12 bedrooms and a whopping 24 bathrooms. The resort-sized property has the amenities to match, including a V-shaped pool with views over the surrounding hills, a detached two-bedroom guardhouse and a 5,000-square-foot guest penthouse, according to the listing.

Listing images of the house show that Lopez and Affleck have spent the past year warming up what were fairly white-washed interiors when they purchased the home. There’s now a rich, green-painted dining room, hardwood floors and carpeted over cold, polished-stone flooring.

The couple, who got married in 2022 after reuniting some 20 years after they called off their engagement in the early 2000s, purchased the megamansion following a house hunt that went on for several months, The Wall Street Journal reported at the time.

Representatives for Lopez, 54, and Affleck, 51, did not immediately respond to requests for comment.

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This stylish family home combines a classic palette and finishes with a flexible floorplan

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Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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