Looking for a room to rent in Sydney? You aren’t alone, with 13 of the top 20 most in-demand areas for sharers located in the Harbour City, according to new research.
Sydney CBD is the most sought-after area in Australia with 59 people looking at each room advertised on the site, followed by Fitzroy (52) in Melbourne, Surry Hills (43), Newtown (43) and Bondi Junction(42) – in these areas demand is already outpacing supply for shared living.
The flatmates.com.au data compares the ‘room wanted’ profiles that users submit against the number of rooms listed for each suburb, from a total of 32,143 listings for November.
The data shows just how pricey Sydney is becoming, even for those who seek a share house or unit says flatmates.com.au CEO Thomas Clement.
“Sydney is a hard place to find accommodation, any sort of accommodation. You know renting is more expensive, buying is more expensive. It’s harder to find what you want and sharing is no different.”
Sydney is becoming increasingly unaffordable, says REA Group Chief Economist Nerida Conisbee.
“The suburbs listed there are getting very, very expensive so having a flatmate would really help pay the rent.”
Suburbs on the Gold Coast also feature in the top 20 with Broadbeach, Mermaid Beach, Burleigh Heads and Miami making the list.
“They’re areas that offer a really good lifestyle, they are closest to the beach but they’ve also got pretty good cafes, restaurants, night life and the rest,” Conisbee says.
Many areas in the top 20 also have access to public transport or have a high walkability factor.
“Those top three places are certainly areas where it’s very easy to walk to work or catch public transport.”
The findings also show a marked increase in the number of Australians looking for a room to rent before the traditional peak rent season begins.
“Normally what happens is there’s a seasonality to share accommodation,” Clement says.
“So January and February are the busiest months on the website and we see an increase in all types of users. A lot of people come out of Christmas, finish their holidays, and then find a new place, but the demand is happening earlier than we expected and we expect it to get even worse in January,” Clement says.
Renters looking to share may want to move near a beach before summer really takes off, while others may want to move before it gets hot.
Struggling to find a room? Clement recommends that users keep their profile on the site updated and include a photograph, to show that you are serious about getting a new place to live.
Renters should also look at suburbs located near rental hotspots as the competition may not quite be so fierce.
Original Article: https://www.realestate.com.au/news/australia-in-demand-areas-for-flatmates/