Revealed: How much rent you pay in every SA suburb

Tenants in 330 SA suburbs are paying on average $50 more a week this quarter compared to last. Find out how much rents have risen or fallen in your suburb.

RENTAL woes are continuing in South Australia as it is not only getting increasingly difficult to find a house to rent, tenants are facing huge rent hikes as well.

Latest data shows the cost of renting a home has risen by up to 38 per cent in just three months in more than 330 suburbs.

A suburb-by-suburb breakdown by PropTrack reveals 332 suburbs (of the 530 analysed) recorded an increase in median weekly rents in the past quarter.

A staggering 108 suburbs across the state recorded an increase of 5 per cent or more in weekly rents. The data analysed suburbs where at least 10 properties were leased.

Popular inner-eastern suburbs dominated the top 10 list, with the biggest increases. Malvern, a sought-after suburb in Adelaide’s inner-south, topped the charts with a 38.1 per cent increase in median house rent, reaching an average weekly median of $815. Three months ago, it was $590.

It is trailed by Marino where median house rents have surged by 25 per cent. Those looking to rent a home there need to budget an average of $650 a week.

Renting a house in Walkerville costs $125 more a week compared to what it was three months ago. The median house rent has soared to $725, up 20.8 per cent in the past quarter.

The suburbs where weekly house rents have surged by more than 15 per cent since June this year include Hazelwood Park (19.1), Hyde Park (18.6), Glenelg East (18.2), Hawthorndene (17), Evanston Park (16.4), St Georges (15.8) and Angle Vale (15.5).

For units, Gawler East recorded the highest jump in rents, up by 13.4 per cent to $318 a week.

PropTrack director of economic research Cameron Kusher.

PropTrack director of economic research Cameron Kusher said rents were increasing significantly due to strong demand for properties and limited stock available.

“It’s going to be tough as there isn’t any new stock of supply in the market. A lot of stock that’s under construction has been purchased for owner-occupier purposes,” he said.

“SA isn’t attracting any significant build-to-rent projects that we see in other parts of country.

“Demand for rental accommodation is only going to increase from here because the international borders have reopened. Domestically, those who moved away from the city during the pandemic might be moving back to the city as well.”

Harcourts Packham property manager Katie Hicks, who recently listed a four-bedroom home in Marino for $850 a week, says rents have gone up quite considerably.

“Marino is in high demand and this is the prime time of the year when people want to be in this sort of area, in homes offering views and that sort of lifestyle,” she said.

“The CBD is the only area where rents aren’t going up. They tend to be quite static. However, the surrounding suburbs are sitting at high marks,” she said.

Melanie Williams of Harris Real Estate outside a house at Elizabeth Street, Norwood which she is leasing. Picture: NCA NewsWire / Naomi Jellicoe.

Harris Real Estate senior property manager Melanie Williams said the number of applicants per listing continued to be high but nowhere near what they were a few months ago.

“The number of applicants is dependent on the suburb and price bracket – between $400 to $500 is a prime market and we always get more applicants in that budget. Suburbs like Norwood have always been in demand,” she said.

“However, the market has changed. The number of tenants applying for a property is nowhere near to what we saw during Covid.

“When we were coming out of Covid, there were no properties available. Everyone was moving back home and a lot of owners were either moving back into their homes or selling properties. So it was compounded, whereas it has flattened out a bit now.”