The period just after New Year’s is the busiest time for the rental market, with students heading to University and young families looking for new rental properties.
Suburbs within 20km of the capital cities, are very popular for renters because of their proximity to prestigious universities and the urban lifestyle.
Generally, renters are younger than owner occupiers, who may have left home for the first time, or moving to the city for the first time.
So what are the features of a suburb that make it so appealing to the rental market?
- The most popular suburbs for renters boast a multitude of choice of high end shops, cafes & restaurants and nightlife
- Being near a beach is very popular with renters as it offers a great outdoor lifestyle
- universities and business precincts
- easily accessible public transport
- excellent infrastructure and services
- easy access to the CBD
- NBN Connection
- Funky apartments, townhouses & units
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