South Gladstone ranks as cheapest rental in Australia: Investar
South Gladstone in Queensland has the cheapest rentals in Australia, according to the latest Investar suburb performance report.
The report suggests its median unit rent sits at $110 per week, with 7.2% yield.
There has been no rental growth over the past year.
It is followed by Andamooka and Queenstown.
A South Gladstone two bedroom unit currently on the market is priced at $100 per week (pictured below).
The unit at 2/131 Toolooa Street features two bedrooms, open plan living/dining, separate toilet and laundry downstairs, and single carport.
It is within walking distance to schools and shops.
Another offering is a Tooloosa Street two bedroom unit priced at $100 per week (pictured below).
Situated 1-2/167 Tooloosa Street, the unit comes with two spacious bedrooms, air-conditioned open lounge and dining room, single undercover carport and own lockable laundry.
The cat-friendly unit is only a short walk to shops and schools.
