Suburbs within Logan and Ipswich areas are Brisbane’s cheapest for tenants, new data shows.
Tenants seeking cheap house rentals should look in Inala, Wacol and Acacia Ridge, according to Domain Group data.
Brisbane’s cheapest suburb for houses is Inala, with median rent at $320. Neighbouring Wacol has a median of $345 and Acacia Ridge is also a good option, with median house rentals of $350.
searching for units could find good deals in Sandgate, with medians of $245, making it the cheapest place for unit rentals in Brisbane. Tarragindi has the second lowest median, at $265. And a rental in Nathan will set tenants back $280.
Domain Group chief economist Andrew Wilson said Ipswich and Logan have continued to offer the cheapest rentals in Brisbane for tenants.
“The Ipswich rental market is reflected by the house price market as being the most affordable,” Dr Wilson said.
“Logan has a reasonably small unit market and has been very popular with investors – and I believe more investors will come into the Logan market.”
Inala Coulson real estate principal Brian MacDiarmid said tenants have clued on to the suburb’s affordability and rentals have been going fast.
“The area has changed a lot over the past five years, making it one of the most sought after areas in Brisbane,” Mr MacDiarmid said.
“We are seeing a good mixture of tenants here and it’s close to the city, motorways – and of course low rental prices.”
In the Moreton Bay area, Caboolture south offers the best bargain house rent, with a median of $300. Caboolture could also be the best place to nab a rental unit, with medians at $270.
Russell Island has the cheapest house rent in Brisbane, with a low median of $230. However, it could cost Redland tenants more than twice that on shore, with the cheapest unit median price in Thorneside priced at $375.
Woodridge, Waterford West and Eagleby offer the cheapest rents in Logan, with Woodridge nudging the lead as cheapest with a median of $305. Waterford West medians are $310 and Eagleby $320.
The Logan unit median is sitting consistently low, with Logan Central, Woodridge and Mount Warren Park all with a median of $260, making units a good choice for south Brisbane tenants.
West Ipswich house rentals were a stand-out, with medians of $260, the cheapest on shore house rent in Brisbane. Other Ipswich areas are also good options for tenants, with Leichhardt and One Mile both with a median of $270.
Units in Ipswich are cheapest in central Ipswich, North and East Ipswich, with medians of about $250, only slightly cheaper than house rentals in the area.
First National action realty Ipswich principal Garth Llewellyn said single unit dwellings are becoming most popular with tenants in Ipswich.
“Both housing and units are proving very popular with our tenants, but single units are very favourable with tenants at the moment,” he said.
“More and more people are being attracted to the low prices and progressiveness of Ipswich.”
Originally Published On: http://www.domain.com.au/