Suburbs with soaring rent values

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Some suburbs have recorded growth in rent prices, according to a new analysis from CoreLogic published by the Australian Financial Review.

Devon Park in Adelaide recorded a 33.9% increase in median rent price. Daglish in Perth also experienced growth, with median rent value in the suburb rising 33%.

Some suburbs in Sydney and Melbourne also recorded an increase in median rent values.

The median rent price in Sylvania Waters climbed 31.1% from last year, while Melbourne’s Deepdene increased 30.4%.

Despite the growth in Sydney, the capital city also has the biggest share of suburbs smashed by a falling market.

The median rent price in Dover Heights fell 29.4% from the previous year. Curl Curl and Tamarama also experienced a decline, with rental prices in the areas dropping 26.4% and 23.4%, respectively.

Here are the suburbs with the best and worst rental markets:

Source: CoreLogic, Australian Financial Review

Top Suburbs : flemington , millner , kawana , tuart hill , darlington

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