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The Guardian - AU
The Guardian - AU
National
Cait Kelly

Central, but no oven: what can you afford on Australia’s median weekly rent of $508?

Cameron Kusher Australia Sydney CBD Launceston Melbourne Airbnb Stayz
For lease sign Australia
There are fewer rental properties in Australia, and more prospective tenants, say property researchers. Photograph: James Ross/AAP

Bailey Perceval has been looking for a house in Melbourne’s inner north for six months. The 24-year-old has a budget of $600 a month making most rentals completely unaffordable.

“I’ve seen the median monthly rental price in Melbourne increase very quickly. So much so that most of my friends can no longer afford to live in metropolitan Melbourne,” Perceval says.

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