MELBOURNE, Australia--(BUSINESS WIRE)--As rents continue to soar, Australian families are struggling more than ever before to find affordable housing.
When asked about the trend of moving to less expensive areas, Movers Buddy Head of Operations Ethan Davis says that "With the rise in living costs, people are looking for ways to stretch their dollars, and moving to a more affordable suburb is high on the priority list. When you have a family, you need space," he says. "Even if it's just one bedroom more, it makes a difference for families."
Ethan suggests you consider bundling your moving needs when booking a removalists Sydney or movers Melbourne and see if you can get a discount on utilities, cleaning, moving, and packing supplies. Movers Buddy gives over 20% discount when bundling services.
Since the beginning of this year, according to CoreLogic's latest quarterly rental review, rents in Australia have increased by an average of 10% nationally.
As stated by Daily Mail, this crisis is leading many families to either live together in fewer dwellings or resort to less conventional forms of housing such as caravans.
With Sydney and Melbourne being the two most expensive cities in Australia, rents have risen by 10.3% and 8.6%, as per CoreLogic's latest quarterly report, respectively; many families are looking for ways to save by moving to cheaper postal codes.
According to Movers Buddy, a leading removalist platform in Australia, moving requests to affordable areas are on the rise.
The median rent in Sydney is $665, and Melbourne is $495. The following list shows some of the suburbs where rents are below the median:
The cheapest places to rent within 15 km of Melbourne CBD
- Kingsville - The median weekly rent is $320.
- West Footscray - The median weekly rent is $330.
- Brunswick - The median weekly rent is $420.
The cheapest places to rent outside 15 km of Melbourne CBD
- St Albans - The median weekly rent is $325.
- Bundoora - The median weekly rent is $370.
- Glenroy - The median weekly rent is $380.
The cheapest places to rent within 15 km of Sydney CBD
- Roselands - The median weekly rent is $335.
- Croydon Park - The median weekly rent is $350.
- West Ryde - The median weekly rent is $370.
The cheapest places to rent outside 15 km of Sydney CBD
- Jordan Springs - The median weekly rent is $350.
- Rosehill - The median weekly rent is $360.
- North Parramatta - The median weekly rent is $370.
