Suburbs with the largest rent increases in the past year
Wednesday March 8 2023
The cozzie livs is HECTIC. How are y’all coping? Morning coffees, grocery bills and rent just keep going up. You know what hasn’t gone up? My serotonin. Sarah Tonin? Who she?
Image via Depop Drama
All across the country, rents have increased, whether it’s back to pre-pandemic levels or beyond that due to rate rises, it’s getting spenno af to keep on living in our homes and to afford our usual fave grocery items. There’s lots of factors at play that are contributing to rising costs - post-pandemic recovery, inflation, continuous rate rises, increased domestic and intentional migration and the fact that there’s currently not enough homes on the market for everyone who needs a place to live.
Below we take you through the top 10 suburbs from each capital city with the largest increases in weekly rent. The price given is the median weekly price for a room in that suburb, comparing February 2022 to February 2023. All data is from the one and only, Flatmates.com.au.
Sydney
We’ll start with eye-watering expensive Sydney - which let’s face it, is always expensive. Sauce on the side is lush, except when the extra sauce is extra rent.
| Suburb | Feb 2022 | Feb 2023 | YoY increase |
|---|---|---|---|
| Georges Hall | $180 | $350 | 94.4% |
| Denham Court | $220 | $400 | 81.8% |
| McMahons Point | $275 | $500 | 81.8% |
| Merrylands West | $170 | $300 | 76.5% |
| Concord West | $250 | $440 | 76% |
| Northbridge | $250 | $430 | 72% |
| Seaforth | $320 | 550 | 71.9% |
| Chipping North | $180 | $300 | 66.6% |
| Haymarket | $300 | $500 | 66.7% |
| Potts Point | $245 | $400 | 63.3% |
Melbourne
In Melbourne, we’re so cool, we eat brunch off the ground in grungy alleyways and only wear black. Black, because we’re in mourning for our bank accounts after these insane rent rises.
| Suburb | Feb 2022 | Feb 2023 | YoY increase |
|---|---|---|---|
| West Footscray | $180 | $350 | 94.4% |
| East Melbourne | $323 | $595 | 84.2% |
| Maddingley | $135 | $248 | 83.3% |
| Moorabbin | $200 | $345 | 72.5% |
| Dingley Village | $170 | $293 | 72.4% |
| Armadale | $186 | $300 | 61.3% |
| Balaclava | $250 | $400 | 60% |
| North Melbourne | $200 | $320 | 60% |
| Chelsea | $220 | $345 | 56.8% |
| Rosanna | $163 | $250 | 53.8% |
Hobart
Sleepy Hobart – but Hobartians must now be sleeping on silk sheets if they can afford these prices? Hobes wtaf? You were meant to be the chill city we’d all escape to when the apocalypse comes.
| Suburb | Feb 2022 | Feb 2023 | YoY increase |
|---|---|---|---|
| Chigwell | $200 | $325 | 62.5% |
| Glenorchy | $187 | $300 | 60.4% |
| Lenah Valley | $170 | $220 | 29.4% |
| North Hobart | $173 | $211 | 22% |
| Mount Nelson | $155 | $185 | 19.4% |
| Kingston | $210 | $250 | 19% |
| Hobart | $225 | $265 | 17.8% |
| Rokeby | $200 | $235 | 17.5% |
| Bridegwater | $205 | $235 | 14.6% |
| West Hobart | $220 | $250 | 13.6% |
Adelaide
The only Adelaide joke I will make is that these prices are radicalaide. Head down to Glenelg and take a chill? Actually, don’t coz Glenelg East has had a 58% rent increase in the past year.
| Suburb | Feb 2022 | Feb 2023 | YoY increase |
|---|---|---|---|
| Urrbae | $220 | $400 | 81.8% |
| Torrens Park | $225 | $385 | 71% |
| South Brighton | $180 | $300 | 66.7% |
| Glenunga | $124 | $200 | 62% |
| Glenelg East | $180 | $285 | 58.3% |
| Blakeview | $160 | $250 | 56.3% |
| Seacombe Gardens | $150 | $230 | 53.3% |
| Flinders Park | $210 | $320 | 52.4% |
| Glengowrie | $165 | $250 | 51.5% |
| Seaford | $160 | $235 | 47% |
Canberra
Canberra is always expensive and will always be expensive because politicians live there. Why don’t we cut the pollies’ salaries in half and put that towards affordable housing?
| Suburb | Feb 2022 | Feb 2023 | YoY increase |
|---|---|---|---|
| Weetangera | $175 | $300 | 71.4% |
| Chifley | $200 | $320 | 60% |
| Hackett | $200 | $300 | 50% |
| Palmerston | $200 | $300 | 50% |
| Throsby | $200 | $290 | 45% |
| Calwell | $250 | $350 | 40% |
| Reid | $251 | $338 | 34.5% |
| Red Hill | $250 | $325 | 30% |
| Belconnen | $209 | $270 | 29.2% |
| Conder | $220 | $280 | 27.3% |
Darwin
Darwin is Dar-losing right now with these C U (never) in the NT prices coz wow oh wow we cannot afford to live in Darwin anymore.
| Suburb | Feb 2022 | Feb 2023 | YoY increase |
|---|---|---|---|
| Bellamack | $215 | $342 | 59% |
| Malak | $200 | $300 | 50% |
| Stuart Park | $245 | $280 | 14.3% |
| Durack | $220 | $250 | 13.6% |
| Millner | $220 | $250 | 13.6% |
| Rosebery | $220 | $250 | 13.6% |
| Tiwi | $225 | $250 | 11% |
| Rapid Creek | $230 | $250 | 8.7% |
| Darwin City | $260 | $280 | 7.7% |
| Muirhead | $270 | $285 | 5.6% |
Perth
Perthection is non existent with the prices being so high. You wanna live in the Golden Triangle? Babes, not even Golden Triangle Babes can afford to live in the Golden Triangle anymore.
| Suburb | Feb 2022 | Feb 2023 | YoY increase |
|---|---|---|---|
| East Cannington | $160 | $290 | 81.3% |
| Balga | $127 | $230 | 81% |
| East Fremantle | $200 | $350 | 75% |
| Brookdale | $120 | $200 | 66.7% |
| Currambine | $150 | $250 | 66.7% |
| Kensington | $150 | $250 | 66.7% |
| Riverdale | $200 | $313 | 56.3% |
| Gosnells | $160 | $245 | 53% |
| Mosman Park | $180 | $275 | 52.8% |
Brisbane
I wish Brisvegas lived up to it’s name sake coz then I could rock up to any casino with $10 to my name and turn it in $10K like Sharon Stone does in Casino and sail off into the sunset and be happy. Wait, that’s not what happens in Casino.
| Suburb | Feb 2022 | Feb 2023 | YoY increase |
|---|---|---|---|
| Hemmant | $190 | $370 | 94.7% |
| Holmview | $155 | $285 | 84% |
| Corinda | $200 | $360 | 80% |
| Margate | $193 | $325 | 68.8% |
| Edens Landing | $170 | $285 | 67.6% |
| Collingwood Park | $150 | $245 | 63.3% |
| Middle Park | $190 | $300 | 58% |
| Gaythorne | $180 | $280 | 55.6% |
| Bahrs Scrub | $185 | $280 | 51.4% |
| Balmoral | $200 | $300 | 50% |
Ok ok so this all sounds like the world is ending, but we do have our suburbs with the largest rent decreases article coming out asap, so all hope is not lost. Also you can check our ultimate guide to side hustling or our guide on how to handle the rising cost of living, which should give you some tips on how to live your best frugal lives.
Goodluck fellow flatmates!
