Posted: 20 October, 2016 by Triple M News

These Are The Cheapest Suburbs To Rent Within 10km Of Your Capital City

It's still possible for renters to live close to the CBD and not pay too much.

Data from realestate.com.au has revealed the cheapest suburbs to rent within a 10km radius of each Australian capital city CBD. The study calculated the median rental rates in each suburb. 

The best value can be found in Hobart, while Adelaide also had reasonable rental prices that aren’t too far from the CBD. Even Melbourne and Brisbane had some affordable options available.

Those looking for a bargain in Perth will find the greatest value in an older style apartment that has been refurbished, which are in high supply according to Mark Smith, Principal of Bexleys – Wembley.

In Sydney prices are much higher, with Michael Xylas, Principal of MFM Properties urging renters to look at older apartments if they want reasonable rental prices in an inner-city suburb.   

Sydney

1. Eastlakes, Hillsdale, $460/wk
2. Ashfield, Summer Hill, $465/wk
3. Dulwich Hill, Gladesville, Hurlstone Park, $480/wk
4. Petersham, $495/wk
5. Canterbury, Elizabeth Bay, Marrickville, $500/wk

Melbourne

1. Gardenvale, $295/wk
2. West Footscray, $320/wk
3. Kingsville, $330/wk
4. Bellfield, Brunswick West, Fairfield, Footscray, South Kingsville, $350/wk
5. Essendon, $360/wk 

Adelaide

1. Kilburn, $270/wk
2. Plympton, $280/wk
3. Kurralta Park, $283/wk
4. Westbourne Park, $285/wk
5. Brooklyn Park, $288/wk

Perth

1. Daglish, $300/wk
2. Osborne Park, Wembley, $310/wk
3. Glendalough, $315/wk
4. Jolimont, $320/wk
5. Maylands, $330/wk

Brisbane

1. Nathan, $303/wk
2. Rocklea, $340/wk
3. Clayfield, $350/wk
4. Wooloowin, $378/wk
5. Annerley, Gordon Park, Kedron, $380/wk

Canberra

1. Mawson, Phillip, $370/wk
2. Belconnen, Lyneham, $380/wk
3. Watson, $385/wk
4. Bruce, Lyons, $390/wk
5. Chifley, $395/wk

Darwin

1. Millner, $390/wk
2. Coconut Grove, Nightcliff, $400/wk
3. Alawa, $425/wk
4. The Narrows, $440/wk
5. Moil, $470/wk

Hobart

1. Clarendon Vale, $225/wk
2. Rokeby, $265/wk
3. Risdon Vale, West Moonah, $275/wk
4. Glenorchy, $285/wk
5. Montrose, $288/wk

Source: realestate.com.au

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