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These are the suburbs where big and small rental properties are most in demand

Australia continues to endure a rental crisis, where extremely low vacancies, low stock and record-high rents have created a pressure-cooker environment for renters.

But despite the challenges, space is still top of the list for many, with demand remaining robust for larger rental properties.

New research reveals that houses with 4 bedrooms, 2 bathrooms and 2 parking spots have been the most viewed among rental listings across all Australian states except Tasmania (where 3 bedrooms, 1 bathroom and 2 parking spaces are most popular.

For units, the most popular configuration nationally was 2 bedrooms, 1 bathroom and 1 parking spot.

That setup also topped the list in all states except ACT, where smaller 1-bed, 1-bath and 1-park units came out on top.

But despite the demand for space that larger homes provide, strained affordability in the rental market has pushed renters towards cheaper properties, which typically means compromising on space.

PropTrack’s senior economist Paul Ryan said that there has been a shift in the search data for smaller homes.

Renters forced to compromise

Record low rental vacancy rates leave limited choice for renters and have pushed prices higher and higher.

While the number of vacant properties increased a little in April, the market is still very challenging for renters.

“High levels of rents are one of the key things that decide what living circumstances someone is going to be in, rather than what their ultimate preferences would be,” Ryan said.

If there were more cheaper rental accommodation options, people would spread out and want their own space.

Challenging rental market conditions have meant 72% of renters feel they need to compromise on price, location or features to find a rental property, according to a recent survey.

More than half of renters (52%) said they were experiencing financial difficulty due to high rent payments, while 39% of renters said they would have to move into a smaller rental property or share house due to financial difficulties.

Suburbs where small rental properties are in the highest demand

Houses with two bedrooms were the most viewed configuration in several popular inner city suburbs, such as Richmond, Carlton North, Prahran and Brunswick in Melbourne.

In Sydney, two-bedroom properties were also the most viewed type of rental houses in the inner city suburbs of Newtown, Paddington and Surry Hills.

Residents in these suburbs tended to be younger and lived in smaller household sizes, with the majority of households made up of couples with no children, according to census data from the ABS.

The Top 10 Suburbs For Small Houses

Meanwhile, one-bedroom rental apartments had the most views in the CBDs of Melbourne, Sydney, Brisbane and Perth, as well as Surfers Paradise on the Gold Coast.

Small apartments are prevalent in the CBDs, and units with just 1 bedroom were about $400 per week cheaper than 2-bedroom apartments in Sydney, $200 cheaper in Brisbane, $180 cheaper in Melbourne and $130 cheaper in Perth.

The Top 10 Suburbs For Small Units

Suburbs where large properties are in the highest demand

Five-bedroom houses were the most-viewed in many affluent suburbs in Sydney’s north, such as Lindfield, Gordon and East Killara, and in the east in Bellevue Hill and Rose Bay.

Median weekly rents in these suburbs are well above that of a typical home, sitting as high as $1,300 per week in Gordon to around $2,600 per week in Bellevue Hill.

The Top Suburbs For Large Houses


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