Revealed: SA suburbs where rents have soared and slumped

SA’s biggest rental winners and losers have been revealed, with some suburbs’ median weekly rents increasing by almost a third over the past 12 months. According to new realestate.com.au data, Hawthorn house renters have been dealt the biggest blow, with median weekly rents here increasing by 30.8 per cent over the past year. This takes it up to $850 from $650 this time last year – an increase of $200 a week. Henley Beach South rents weren’t far behind, having increased by 30.1 per cent over the past 12 months, taking median rents up $220 a week from $730 this time last year to their current $950. SA’s biggest rental winners and losers have been revealed. Brighton houses, Elizabeth North units and Belair houses rounded out the top five for rental increases with jumps of 23.2 per cent or $160, 22.9 per cent or $80, and 20.5 or $155 respectively. The Treasury released estimates in May projecting that the negative gearing and capital gains tax reforms would only push rents up by $2 per week. However the data shows 298 suburbs of the 468 realestate.com.au had data for, had recorded quarterly rent increases in excess of this. FIND YOUR SUBURB IN OUR FREE INTERACTIVE But it wasn’t all ba...