Study sheds light on Oz’s rental markets

By |

Australia’s average renter this year is female, aged 34, earns around $66K annually, and sends approximately five property enquiries to secure a home, according to a new study by rent.com.au.

When it comes to the distribution of renters, NSW now has the highest proportion of renters (30.8%), followed by Queensland (26.4%). The lowest percentage of renters can be found in Tasmania (1.6%) and the Australian Capital Territory (0.9%).

As for income, employed renters earn an average of $73,761 a year, higher than any other employment bracket in Australia and well above the average Australian salary ($66,653).

Renters in the Northern Territory have, on average, the highest income of all the states and territories (approximately $72K annually), while Tasmanian renters have the lowest income on average (around $45K).

The majority of renters are employed (68.4%), while renters in-between jobs account for 21.9%.

 
Related Stories:
 
 

Do you have more than $200k in your super fund? You could use your super to buy property - Find out how

Top Suburbs : wiley park , padbury , darlington , mt gravatt , alderley

SHARE

Get help with your investment property



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 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 an appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here