NSW’s most popular renter suburbs

ALMOST one third of households in NSW are renters, and new data shows that some suburbs are far more popular for renters than owner-occupiers. Here’s a look at the top 10 regions to rent.

NSW’s rental hot spots.

ALMOST one third of households in NSW are renters, but new data shows that some suburbs are far more popular for renters than with owner-occupiers.

In suburbs close to the city, and other suburban hot spots, two thirds of households are renters — compared to less than 10 per cent in more remote areas.

New research, and analysis of the 2016 Census, by the head of residential research at Savills Australia, Sophie Chick, shows seven of the top ten locations with the highest proportion of renters are in inner city locations around the Sydney CBD and harbour.

This is due to the number of properties owned by investors and also strong rental demand.

Ms Chick said many young professionals will choose to rent for longer in more desirable, central locations close to work and amenities rather than buy a property on the outskirts of a city.

Here are the top 10 renter regions in NSW:

PARRAMATTA TO ROSEHILL

South Quarter in Parramatta will be a new precinct in Sydney's west.

The region from Parramatta to Rosehill tops the list as the location with the highest proportion of renters in NSW.

Seventy-one per cent of households in this region are rented.

Parramatta is going through a significant transformation, benefiting from infrastructure projects, development activity and population growth.

This has created a vibrant city, which is popular with renters and still more affordable than areas around the Sydney CBD.

WARWICK FARM

Warwick Farm is popular with families.

Sixty-nine per cent of households in Warwick Farm are rented.

There are currently 22 properties available to rent on realestate.com.au.

The median rent per week is $410.

REDFERN TO CHIPPENDALE

Redfern living.

Sixty-seven per cent of households in the Redfern to Chippendale region are rented.

The median rental cost per week ranges from $825 to $875 across this region.

POTTS POINT TO WOOLLOOMOOLOO

Potts Point is full of renters.

Coming in fourth-place, the Potts Point to Woolloomooloo region is dominated by renters.

Sixty-six per cent of households are rented in this region.

The area is packed with apartment blocks of all shapes and sizes, and restaurant choices to match.

SYDNEY TO HAYMARKET TO THE ROCKS

Some city apartment blocks have great inclusions.

Another high-performer was the inner city, between Haymarket and The Rocks.

Two-thirds of household in this region are renters.

SURRY HILLS

Surry Hills is becoming a trendy place to live.

Sixty-five per cent of renters in this region are renters.

Surry Hills is described by property experts at realestate.com.au as a suburb that is home to many professionals who work hard and play hard.

And what a playground they’ve got.

PYRMONT TO ULTIMO

There’s plenty of student-style accommodation in this area..

Sixty-five per cent of renters in this region are renters.

This region is full of people who are simply enjoying life.

In Pyrmont, you’ll young couples and more mature locals enjoying the bachelor (or bachelorette) lifestyle.

These suburbs are the perfect location to enjoy views and gastronomy, and most importantly the best the of what Sydney has to offer.

Low-maintenance apartment buildings dominate the skyline, interspersed with a sprinkling of houses.

WATERLOO TO BEACONSFIELD

Waterloo is popular with renters.

Sixty-four per cent of renters in this region are renters.

The median cost per week to rent in Waterloo is $780 per week, and in Beaconsfield it is $708 per week.

NEWTOWN TO CAMPERDOWN TO DARLINGTON

Renting is popular in the inner west.

Sixty-three per cent of renters in this region are renters.

These inner west and inner city suburbs are packed with students, professionals and artists.

There is a huge cafe culture and also plenty of sporting facilities and family friendly parks.

AUBURN

Auburn is the 10th most popular place to rent in NSW.

Sixty-three per cent of renters in Auburn are renters.

Auburn is popular with families, with several schools and plenty of amenities.

There are plenty of apartments in the suburb, and also a number freestanding modern homes and townhouses.

Originally published as NSW’s most popular renter suburbs