Top suburbs to rent in SA

ADELAIDE’S tight rental market continues to create hardship for those looking for a place to live, but new data reveals the South Australianspots where securing a home is becoming easier.

Realestate.com.au’s latest data reveals the places with the greatest decline in med­ian weekly rents, comp­ared with the same time last year.

McCracken, near Victor Harbor, experienced the biggest drop in weekly rents, down 30 per cent to $210.

In Blackwood, weekly rents dropped 14.46 per cent to $355 a week, while Westbourne Park, Risdon Park South (Port Pirie) and Devon Park dropped by more than 10 per cent.

Adelaide CBD is the easiest market in which to secure a rental at the moment, as it has the highest number of available rental listings, ahead of Mount Gambier, Mawson Lakes, North Adelaide and Mount Barker.

Turner Real Estate chief executive officer Emma Slape said the availability in Adelaide was in stark contrast to what her agency was finding across the rest of the market.

“The only suburb which is showing oversupply is Adelaide and there is quite a high vacancy rate in the area,” she said.

“Typically, at the start of the year, we would see strong demand for the city from international students, but they simply aren’t here to fill this stock at the moment. In contrast, we are still seeing up to 50 groups lining up to see a property in the suburbs.” The data compares suburbs with a minimum of 10 rental listings now and this time last year, and includes houses and units.

According to the data, Hilton recorded the greatest increase in rental listing num­bers, rising 171 per cent, just 1 per cent more than Angle Vale.

Tonsley, Salisbury Plain and Seaford Heights all experienced listings increases of more than 80 per cent.

Trinity Gardens recorded the greatest increase in median weekly rent – up 27.4 per cent to $465. Weekly rents in Goolwa South increased by 25.66 per cent to $475, while Glen Osmond ($560 weekly) and Henley Beach South ($430 weekly) increased by more than 20 per cent.

Realestate.com.au chief economist Nerida Conisbee said the data reflected a societal shift away from city living.

“The general trend is that suburbs a bit further away from the metro areas have done better in 2020, as renters have moved out of the cities,” she said.

“Inner-city, and areas that are more heavily reliant on students, overseas workers or tourism, have more listings than they did in 2019.”

Top suburbs with most rental listings

Adelaide

Mount Gambier

Mawson Lakes

North Adelaide

Mount Barker

Prospect

Norwood

Murray Bridge

Port Lincoln

Glenelg`

Biggest increase in rental listings

Hilton 171%

Angle Vale 170%

Tonsley 95%

Salisbury Plain 83%

Seaford Heights 83%

Ashford 73%

Vale Park 67%

Hamley Bridge 60%

Waikerie 59%

Meningie 56%

Biggest decrease in rental listings

Wirrina Cove -54%

Brahma Lodge -46%

Moana -45%

Port Broughton -44%

Noarlunga Centre -43%

Redwood Park -43%

Hindmarsh Island -43%

Burra -42%

Millicent -42%

McCracken -40%

Biggest increase in rental growth

Suburb, Median Weekly Rent (12 months), YOY Change Weekly Rent

Trinity Gardens $465 27.40%

Goolwa South $475 25.66%

Glen Osmond $560 24.44%

Henley Beach South $430 22.86%

Carrickalinga $370 15.63%

Highgate $450 15.38%

Nailsworth $380 15.15%

Glenunga $470 14.63%

Kensington Park $440 14.29%

Eden Hills $428 14.13%

Biggest decrease in rental growth

Suburb, Median Weekly Rent (12 months), YOY Change Weekly Rent

McCracken $210 -30.00%

Blackwood $355 -14.46%

Westbourne Park $303 -13.43%

Risdon Park South $188 -12.56%

Devon Park $350 -10.94%

Angaston $263 -9.31%

Tumby Bay $238 -8.46%

Ferryden Park $340 -8.11%

Mitcham $350 -7.89%

Burnside $415 -7.78%

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