2023's National Worst 20 Suburbs for Renters: A Suburbtrends Report

THE HARDEST postcodes to find a rental

The rental market data across Australia for December presents a nuanced picture of the challenges faced by renters and the opportunities for investors. The data highlights severe rental shortages in various regions, with some postcodes exhibiting extremely low numbers of rental listings despite having substantial rental markets.

In Greater Sydney, the area of Sutherland - Menai - Heathcote stood out for its scarcity of rental listings, a trend that was mirrored in regional NSW areas like Clarence Valley and Armidale. Similarly, Greater Melbourne's Yarra Ranges and regional VIC's Geelong faced stark shortages. Greater Brisbane, particularly the Ipswich Hinterland, and Regional QLD, such as Rockhampton, also showed tight rental market conditions.

Adelaide, both in the city and the regions, including Onkaparinga and Eyre Peninsula and South West, experienced similar constraints. In Perth, places like Rockingham reported minimal listings. This trend extended to Regional WA, including Manjimup.

The situation in Tasmania, including Hobart and its surrounding regions like Hobart - North East and Meander Valley - West Tamar, was also challenging. The ACT and NT, notably in areas like Tuggeranong and Litchfield, demonstrated the national issue of limited rental availability.

These findings underscore the pressing need for housing solutions in regions with critical shortages and present a compelling case for investors, especially considering the prospects of improving yields and potentially stable or lower interest rates in 2024. Addressing these issues requires a balanced approach that considers the needs of renters and the opportunities for investors, aiming to create a sustainable and equitable rental market across Australia.

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