The best and worst suburbs for finding share accommodation

Karen Dellow
Karen Dellow

Renting a room in shared accommodation has surged in popularity due to the shortage of available rental properties across Australia and the record high cost of renting.

Homeowners are also increasingly renting out spare rooms to help pay their bills.

This has led to a 34% rise in the number of rooms posted on share accommodation site in May 2024, compared to the same time last year, across the combined capital cities.

Bondi Beach has the largest amount of rooms for rent and the most people looking in Sydney. Picture: Getty.

Sydney has experienced a 45% increase during the same period, likely because it is the most expensive city for buying and renting in Australia, and share accommodation has become a cheaper option for Sydneysiders.

Percentage change in rooms for rent on

  Year-on-year % change
Combined Capitals 34%
Sydney 45%
Melbourne 34%
Brisbane 32%
Adelaide 26%
Perth 35%
Hobart -3%
Darwin 10%
Canberra -21%
Source: Comparing May 2024 to May 2023.

The suburbs that have the highest number of listings are also the suburbs where the demand is highest, such as Bondi Beach, which currently has 174 rooms available and 944 people looking.

In Melbourne it is the same in the CBD area, where there are the most rooms for rent and also the largest number of people looking.

However, some suburbs have more rooms available than people searching, while in others, the number of seekers exceeds the available rooms.

In City Beach, Perth, potential renters have no chance of finding a room as none are listed, despite 102 people looking.

Suburbs with more renters than rooms available

Suburb City People Listings Room Listings
City Beach Perth 102 0
East Perth Perth 287 3
City of Sydney Sydney 93 0
The Rocks Sydney 87 1
Subiaco Perth 427 6
Mount Gravatt Brisbane 207 3
Swanbourne Perth 68 0
West Leederville Perth 65 1
Barangaroo Sydney 61 1
Fremantle Perth 508 9

Demand is also high in Sydney CBD, the Rocks, and Mount Gravatt in Brisbane despite there also being no rooms to rent.

In Adelaide’s sought-after Glenelg, 219 people are looking for a room, but there are only four available.

There is some good news for renters: in St Albans, in Melbourne's North-East, there are 23 rooms for rent but only two people looking, and in Banksia Beach, Brisbane, one person is looking with seven rooms available.

Suburbs with more rooms than renters

Suburb City People Listings Room Listings
Saint Albans Melbourne 2 23
Banksia Beach Brisbane 1 7
Wandi Perth 0 6
Narellan Vale Sydney 1 5
North Saint Marys Sydney 2 10
Saint Ives Sydney 1 5
Cobbitty Sydney 0 5
Saint Peters Sydney 4 18
The Vines Perth 1 4
Saint Kilda East Melbourne 15 52

Some suburbs have no active seekers, like Wandi in Perth, and Cobbitty and Melonba in Sydney.

These suburbs may not be central but offer more choice and cheaper rents for those wanting to avoid the city's hustle and bustle.

City Beach, in Perth, is in high demand for house sharers; however, there are no rooms for rent. Picture: Getty.

Finding a property within budget is increasingly difficult, making shared accommodation a more affordable option for renters of all ages.

Those willing to look in neighbouring suburbs or slightly further afield can find more choice at cheaper prices than in the inner city.

Click here for more PropTrack Insights:

The suburbs with the highest auction clearance rates


PropTrack New Homes Report - June 2024


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