Data from Flatmates.com.au has revealed the most expensive suburb to rent a room is Warriewood, with a weekly median rent of $600.
The top 10 most expensive areas to rent a room were in NSW. St Kilda, VIC shared the 10th most expensive position with Rose Bay, NSW, at $490 a week.
The national median rent for a room in a share house is $290 a week.
Flatmates.com.au’s most expensive suburbs
- Sydney: Warriewood, $600
- Melbourne: St Kilda, $490
- Perth: Mount Hawthorn, $420
- Brisbane: Brisbane City, $400
- ACT: Canberra, $370
- Darwin: Darwin City, $350
- Adelaide: Ascot Park, $350
- Hobart: Battery Point, $250
From a survey of over 10,000 people, Flatmates.com.au found that nearly half of home owners rented out a room this year as living alone was not an affordable option.
For financial reasons, like paying off mortgage or bills, nearly 90% of home owners listed a spare room.
Rises in interest rates was also a driving factor for two thirds of people who listed a room for rent.
