Property

There’s money in that spare room

Renting a room is becoming popular as prices push many out of home ownership and into the rental market.
Renting a room is becoming popular as prices push many out of home ownership and into the rental market. Monkey Business Images Ltd

REMEMBER that unwashed, curled toenailed bloke who slept on your couch for a while after high school and got scurvy from ingesting only noodles and cask wine?

Well, the art of procuring random roomies has shifted.

Share accommodation website Flatmates.com.au says its average user is 27 years old with a full-time job.

It also says the average household in the Wide Bay Burnett and Gladstone regions would pull in an extra $143.47 a week - or $7455.24 a year - by subletting a vacant room.

You may err on the side of scepticism, and rightly so.

This person will share your home, your bathroom and, if your interview process was lax, your toothbrush - but plenty of Australians are taking the subletting route.

The company reviewed 61,381 vacancy listings from last year to find the average room fee.

The Australian norm was $183 each week, just over $9000 a year. But rooms in Sydney's Northern Beaches went for $290 a week or about $15,000 each year on average.

"With many people now priced out of the rental and homeowner markets, share accommodation has become the most affordable option for many people," website managing director Thomas Clement said.

"Our average user is 27 years old, works full time and is generally looking for a comfortable home with good amenities."

The figures showed the demand for share accommodation in some capital cities was as high as four people looking to every one room listed.

"It is very much a lister's market, so those leasing are sure to find someone who fits their home perfectly."

- APN Newsdesk

Average weekly room rental costs by capital city

  •  Sydney - $257.09
  •  Melbourne - $200.76
  •  Perth - $200.44
  •  Brisbane - $187.65
  •  Canberra - $185.05
  •  Adelaide - $166.49

Highest average weekly room rental costs by area

  •  Sydney's Northern Beaches - $290.26
  •  Sydney's Lower North-shore - $281.66
  •  Sydney's Eastern Suburbs - $272.59
  •  Sydney City Centre - $267.30
  •  Sydney's Inner-West - $264.12
  •  Sydney's Upper North-shore - $254.48
  •  Perth City Centre - $246.56
  •  Melbourne City Centre - $238.63

Topics:  accomodation fraser coast hervey bay maryborough renting



Rods ready to go ahead of comp

Monica Nolen caught a blue salmon on during the Toogoom Family fishing competition.

Grab a rod and get fishing

BACHELORETTE RECAP: Undies, break dancing and otters

The Bachelorette Sophie Monk. Supplied by Channel 10.

Sophie Monk was greeted by undies on her first night in the mansion.

Denya inspires young women to be their best

Denya Hopkins is inspiring and motivating young Fraser Coast women through volunteering and leadership roles. Ms Hopkins was recently awarded with the prestigious 2017 Zonta Club of Hervey Bay Young Women in Public Affairs Award, which was presented by president Robin Rayner.

“Outstanding” commitment and achievement awarded.

Local Partners

Open for inspection homes September 21 - 27

Check out this weekend's homes open for inspection.

Investors pay $18m for Coast shopping centre

DCIM\100GOPRO\GOPR0960.

IGA-anchored shopping centre with three-street frontage snapped up

Illustrious Coast restaurant on the market for $11m

Sails Restaurant in Noosa is selling for $11 million.

Restaurant with prime waterfront site selling for $11 million

Two birds, spoodle create world of grief for Tannum tenants

A galah, a spoodle and a conure spelt the end of a two-year rental agreement for Tannum Sands tenants.

A conure and a galah spelt the end of a long-term rental agreement.