NewsBite

Australians get more bang for their buck in the rental market than other major cities

AUSTRALIAN’S get more bang for their buck in the rental market here than other cities in the world. Check how far your dollar goes.

How Australian rental properties compare
How Australian rental properties compare

YOUR rental dollar goes a lot further in Australia, securing ocean views, luxury apartments and cute cottages.

When comparing what you get for your median rent in Australia compared to overseas you get much more bang for your buck here.

Head of Sales at realestate.com.au Tom Ainsworth it was easy to see how much value Australian properties provided.

“It really highlights the demand for Australian properties on a global level,’’ he said.

You’ll get a view like this in Neutral Bay for $600 a week. Picture: realestate.com.au
You’ll get a view like this in Neutral Bay for $600 a week. Picture: realestate.com.au

In Neutral Bay, New South Wales $600 a week will get you a two-bedroom apartment with Harbour views.

There is balcony and the bedrooms have built-in wardrobes. The unit is within walking distance of the train station and has the option of being rented furnished or unfurnished.

For about the same amount of money you can rent in London a one-bedroom studio in student accommodation, and the only view you’ll get is of the neighbours.

The unit at 8 Herbal Hill, London, does have central heating and is also close to the train station. There’s no room for visitors though — unless you all want to sit on the bed!

The rooftop terrace is yours to use if you rent this apartment at South Yarra. Picture: realestate.com.au
The rooftop terrace is yours to use if you rent this apartment at South Yarra. Picture: realestate.com.au

Fancy an apartment with a rooftop terrace with an outdoor spa, lounging area, and outdoor television and cinema area?

Well spend $500 a week in Melbourne and you can get it.

A unit at 32 Bray St, South Yarra, with two bedrooms, and two bathrooms is on the market and has all the mod cons, a dishwasher, heating and airconditioning.

It may be small — but it is in New York and will cost you about the same to rent as a Yarra apartment. Picture: Nest Seekers International.
It may be small — but it is in New York and will cost you about the same to rent as a Yarra apartment. Picture: Nest Seekers International.

If you fancy yourself strutting the streets of New York instead, the same money will get you something a little smaller.

A condo at 75 Pineapple St, Brooklyn, comes fully furnished and has just one bedroom and one bathroom.

It has been renovated and has a new kitchen and bathroom. It is also close to trains and restaurants but there’s no lounging on the roof top terrace here.

A cute cottage in Adelaide will set you back $390 a week. Picture: realestate.com.au
A cute cottage in Adelaide will set you back $390 a week. Picture: realestate.com.au

The median rental price in Adelaide will secure you a cute one-bedroom row cottage for $390 a week at 56 Corryton St.

The renovated cottage is heritage listed and has a new bathroom and kitchen and two living areas or a study.

There is also a rear deck entertaining area and a small garden.

But why live in Adelaide when you can live in Florence? right?

A two-bedroom, 115sq m apartment in Florence on Via Gioberti will set you back about the same money. It was also recently renovated and is on the second floor of the building.

Plus the added benefit is with no lift you’ll get exercise going up and down the stairs.

One set back though there’s not a lot of windows, so you might need the lights on a bit.

High up in Coorparoo you get city views from this apartment. Picture: realestate.com.au
High up in Coorparoo you get city views from this apartment. Picture: realestate.com.au

A townhouse in Brisbane in a suburb close to the CBD is listed for $365 a week. The three-level townhouse at 5/43 Ninth Ave, Coorparoo has city views. It also has two bedrooms and a private courtyard.

Though in Los Angeles you could rent in this attractive building for about the same money. It has two bedrooms and one bathroom and is close to the Freeway.

A “character apartment’ in Mount Lawley rents for the same as a one bedder in Paris. Picture: realestate.com.au
A “character apartment’ in Mount Lawley rents for the same as a one bedder in Paris. Picture: realestate.com.au

In West Australia $420 a week will secure you what is described as a two-bedroom “character apartment’’ at 43-45 Walcott St, Mount Lawley.

It has polished timber floors, high ceilings and a small rear courtyard.

Of course though you may prefer to spend the same amount of money in Paris although your accommodation may be a little smaller.

A one-bedroom apartment which its marketing agent boasts is 7km from the nearest golf course is in a building with a lift and it has the “possibility’’ of parking in the immediate vicinity.

A two-bedroom apartment in Darwin with this view will cost $580 a week.
A two-bedroom apartment in Darwin with this view will cost $580 a week.

Darwin’s rental market can be a little pricier than others, but for $580 a week you can rent a fully-furnished apartment at 27 McMinn St.

It has two-bedrooms and is on the top floor of the complex with its own private balcony. There is also airconditioning and it is close to restaurants an lifestyle precincts.

But what if Berlin is more your cup of tea?
You can rent a two-level, six room villa there for about the same cost. On the ground floor is a living and dining room, kitchen and guest bedroom and bathroom. And don’t worry about those cold winters the entire ground floor is equipped with underfloor heating.

Upstairs also has heated floors, and the bedrooms, bathroom and study.

There’s a sauna room in the basement and a large patio area.

It might be chilly in Hobart, but you could soak in a nice warm bath if you rented this home. Picture: realestate.com.au
It might be chilly in Hobart, but you could soak in a nice warm bath if you rented this home. Picture: realestate.com.au

Hobart might be chilly in winter, but if you rent this two-storey terrace house at 6 Warwick St, for $395 a week it comes with a heat pump and wall mounted panel heating.

The three bedroom terrace has a galley-style kitchen which opens onto a deck. It is within walking distance of the CBD.

But if it’s a warmer climate you are after maybe you should try renting in Honolulu.

A one-bedroom apartment at 1459 Pele St comes unfurnished but it does had a lanai and there is the all important airconditioning.

There’s a community laundry and it’s close to the hospital and shops.

The pool’s heated in the ACT and you get a nice modern apartment for $560 a week. Picture: realestate.com.au
The pool’s heated in the ACT and you get a nice modern apartment for $560 a week. Picture: realestate.com.au

Who wouldn’t want to live in our nation’s capital. The rents aren’t the cheapest in Australia, but there are some pretty nice buildings to choose from.

A unit at 15-19 Coranderrk St is being offered for rent for $560 a week.

The executive apartment has two bedrooms and two bathrooms. It is about a five-minute walk to the city centre and the building has gym facilities and an outdoor heated swimming pool.

Although maybe Japan’s capital city Tokyo may be more appealing. For about the same money you can rent a one-bedroom apartment in a building constructed in 1983. It may be a little on the small size at 13.68 sq m but some might consider that cosy. They’ll also organise the internet connection for you but that will cost extra.

Add your comment to this story

To join the conversation, please Don't have an account? Register

Join the conversation, you are commenting as Logout

Original URL: https://www.news.com.au/finance/real-estate/australians-get-more-bang-for-their-buck-in-the-rental-market-than-other-major-cities/news-story/a53fe98748f2f57683db412d2d2928d9