Least competitive share accommodation suburbs within 10km of Sydney's CBD
Tuesday May 2 2017
Finding a place to call home in Sydney’s competitive realestate market can be a challenge—even when it comes to shared places.
But, there is still hope according to data from Flatmates.com.au, which has revealed the least competitive suburbs to find a room within 10km of Sydney’s CBD.
North Willoughby on Sydney’s lower north shore ranked first with approximately one person listed per room in the past three months.
Dawes Point—the closest suburb to the city centre on the list—ranked second with a ratio of approximately 1.5:1.
Chiswick, Lane Cove North and Russell Lea rounded out the top five least competitive with ratios of two people per room each.
Demand ratios for suburbs on the list were a far cry from the most in demand suburb, Tamarama, where as many as 65 people were listed per room on the site during the same period.
Chief executive officer of Flatmates.com.au, Thomas Clement, said the list highlighted that those seeking places should keep their options open and look away from popular share suburbs.
“The data shows that while there are suburbs with extreme competition, there are those that are largely overlooked by sharers,” said Clement.
“We suggest flatmates looking for a place should keep their options open by considering neighbouring suburbs and areas, which can offer a similar lifestyle or commute.”
“A great example is North Bondi where we saw only five people looking per room, while the better known Bondi Beach, just next door, saw three times the competition.”
| Rank | Suburb | Post Code | Ratio of people looking per room listed | Distance to city (Km) |
|---|---|---|---|---|
| 1 | North Willoughby | 2068 | 1:1 | 8.2 |
| 2 | Dawes Point | 2000 | 1.5:1 | 1.4 |
| 3 | Chiswick | 2046 | 2:1 | 7.8 |
| 4 | Lane Cove North | 2066 | 2:1 | 8.3 |
| 5 | Russell Lea | 2046 | 2:1 | 7.0 |
| 6 | Hillsdale | 2036 | 4:1 | 9.7 |
| 7 | Cremorne Point | 2090 | 5:1 | 3.6 |
| 8 | Drummoyne | 2047 | 5:1 | 5.9 |
| 9 | Dover Heights | 2030 | 5:1 | 7.1 |
| 10 | North Bondi | 2026 | 5:1 | 7.8 |
Data compiled by Flatmates.com.au by comparing property and people listings on on the site from January 20 to April 20, where the suburb had more than 10 property listings.
