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%

ST KILDA

$368.29

$384.42

$16.13

4.4%

Chadstone

$387.50

$404.03

$16.52

4.3%

SOUTHBANK

$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%

NORTH MELBOURNE

$398.80

$414.83

$16.03

4.0%

FLEMINGTON

$304.69

$316.68

$12.00

3.9%

TOORAK

$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%

MELBOURNE

$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%

KEW

$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

 

BONDI JUNCTION

$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%

TARINGA

$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


Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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