Investor alert: Where rental properties aren't keeping pace with inflation
The fashionable Melbourne suburbs of St Kilda (4.4%) and (Toorak 3.3%) were among 18 in the city where rents did not rise more than rental inflation for the year to January 2012, according to property manager Run Property.
The list only includes those suburbs where RUN has sufficient data to give an indication of rental movement.
The rental component within the CPI recorded a 4.8% increase during the 2011 calendar year, according to the Australian Bureau of Statistics.
Victoria
Suburb | Jan 2011 weekly rent average | Jan 2012 weekly rent average | Average weekly rent difference in dollars
| Percentage average weekly rent difference
|
CARLTON | $371.09 | $388.62 | $17.53 | 4.7% |
PARKVILLE | $488.64 | $510.19 | $21.54 | 4.4% |
$368.29 | $384.42 | $16.13 | 4.4% | |
$387.50 | $404.03 | $16.52 | 4.3% | |
$485.48 | $505.75 | $20.27 | 4.2% | |
PORT Melbourne | $526.78 | $548.74 | $21.96 | 4.2% |
CLAYTON | $312.81 | $325.43 | $12.62 | 4.0% |
$398.80 | $414.83 | $16.03 | 4.0% | |
FLEMINGTON | $304.69 | $316.68 | $12.00 | 3.9% |
$346.65 | $357.94 | $11.29 | 3.3% | |
PRESTON | $344.56 | $354.56 | $10.00 | 2.9% |
Hawthorn EAST | $392.65 | $402.37 | $9.72 | 2.5% |
$483.43 | $493.73 | $9.72 | 2.0% | |
KURUNJANG | $267.43 | $272.00 | $4.56 | 1.7% |
MOUNT WAVERLEY | $377.42 | $382.92 | $5.50 | 1.5% |
$526.14 | $529.22 | $3.08 | 0.6% | |
PAKENHAM | $321.89 | $322.79 | $0.90 | 0.3% |
TARNEIT | $301.35 | $301.67 | $0.33 | 0.1% |
New South Wales
Suburb | Jan 2011 weekly rent average | Jan 2012 weekly rent average | Average weekly rent difference in dollars
| Percentage average weekly rent difference
|
$579.03 | $606.83 | $27.80 | 4.8% | |
LEICHHARDT | $610.33 | $634.99 | $24.66 | 4.0% |
WATERLOO | $470.95 | $486.43 | $15.48 | 3.3% |
MOSMAN | $612.91 | $631.47 | $18.57 | 3.0% |
Queensland
Suburb | Jan 2011 weekly rent average | Jan 2012 weekly rent average | Average weekly rent difference in dollars
| Percentage average weekly rent difference
|
ST LUCIA | $374.39 | $391.07 | $16.68 | 4.5% |
TOOWONG | $364.20 | $377.55 | $13.35 | 3.7% |
$356.15 | $368.29 | $12.14 | 3.4% | |
LOGAN CENTRAL | $235.29 | $242.65 | $7.35 | 3.1% |
INDOOROOPILLY | $384.65 | $396.62 | $11.97 | 3.1% |
BEENLEIGH | $249.25 | $254.50 | $5.25 | 2.1% |
ENOGGERA | $274.44 | $280.00 | $5.56 | 2.0% |
EAGLEBY | $257.69 | $261.54 | $3.85 | 1.5% |
EDENS LANDING | $287.89 | $288.42 | $0.53 | 0.2% |
Source: RUN Property