Hannah Hammoud
Rent.com.au has released its monthly report recommending shared housing as a solution for those seeking an affordable rental in a highly competitive market.
The report published on Monday, April 24, listed the top 20 suburbs that will maximise savings for renters who opt to share a house.
The report states that renters in the top 20 suburbs can cut their weekly rent by up to 50 per cent by choosing to share a house instead of renting an entire apartment.
At the national level, Broadmeadows and Lalor ranked at number 10 and 15 respectively in the top 20 suburbs for renters who can maximise savings through shared housing.
In Victoria, Broadmeadows (4), Lalor (6), Craigieburn (13), Gladstone Park (14), Thomastown (19) and Mill Park (20) each ranked in the top 20 suburbs across the state who can cut their weekly rent by up to 50 per cent through shared housing,
Tenants Victoria Director of Community Engagement, Farah Farouque said people are steadily returning to share houses out of economic necessity.
“We know some families are also sharing homes for cultural and cost reasons, they can’t afford to do otherwise in this crushing rental market,” she said.
Rent.com.au Chief executive Greg Bader said splitting rent and utilities with housemates will allow renters to save money while enjoying a more affordable housing option.
“Sharing has always been a practical option, especially for the young and those just entering the workforce with limited budgets,” Mr Bader said.
“However, what we’re now seeing is a real broadening in the market, with people from all age groups embracing house-sharing. While cost is still a major driver, the trend also caters to those seeking to maintain their preferred lifestyle, including living in an area they love.
Details: www.rent.com.au/blog/shared-housing-april-2023
