Research from online share accommodation portal Flatmates.com.au has revealed the five suburbs where competition for a room is fierce.
Spread across three states and territories, the six suburbs can each lay claim to having a ratio of the number of people looking for a room to rent of more than 10 to one.
Victoria’s Fitzroy is the most popular suburb in the country for people looking for shared accommodation, with 17 people looking for every room listed.
The ACT’s Acton is the next most desirable suburb among those looking for shared accommodation, with a ratio of 16 to one, with Canberra City (ACT), Collingwood (VIC), Windsor (VIC) and Unley (SA) rounding out the list.
General Manager of Flatmates.com.au, Thomas Clement said the most popular suburbs were all desirable locations for both professionals and students, due to their proximity to the city and campuses.
“In some suburbs there can be a huge disparity between where people want to live and are looking, versus what is actually available and where they eventually will end up,” said Clement.
“Suburbs such as Acton and Fitzroy are perfect examples where low-density housing in a desirable area, combined with large student and working professional populations means supply won’t meet demand.”
With the competition in some areas so fierce, Clement had some basic advice for those who fail to secure accommodation in their dream location.
“There are plenty of underrated suburbs in our cities that can offer just as much in terms of lifestyle and convenience,” he said.
“I would suggest starting in your desired suburb and then move out. Try the next train stop or neighbouring postcode.
“For example, Fitzroy saw 17 people grappling for each room, yet over the river in Kew only two people were competing per room listed.”
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out