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South Australia Rents – First Quarter Report

11 Jul 2013 Christies Beach 1 Comment

The median weekly rent for the three bedroom houses in Adelaide increased 3.1% over the March quarter and 1.5% compared to the figure last year, to $330.

Increases were recorded throughout the state with the exception of four bedroom houses in Middle Adelaide and two bedroom houses in Port Lincoln. The largest was recorded in the Riverland where the median house rent for three bedroom houses rose by 13.5%.

Compared to the March quarter 2012, four bedroom houses in Mount Gambier and two bedroom houses in Port Lincoln were the only categories to record falls in median rents. Down by 6.3% and 4.2% respectively.

Adelaide’s median rent for two bedroom other dwellings increased 3.7% over quarter and 1.8% compared to the March quarter of 2012, to $280 per week.

Over the quarter, there was no decline recorded for the other swellings rent in any zone of the capital city. The median rent for one bedroom other dwellings in the Riverland rose 31.9% over the quarter and 40.9% compared to the March quarter 2012.

Over the quarter, the vacancy rate in Adelaide fell 1 Percentage point to 3.0%.

Click here to view the Rental Market Update for the First Quarter 2013.

Click here to read the original article.

 

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