Blog & Market Updates

Australia VS The World!

Do you sometimes daydream about life somewhere completely different? 

Under New York’s bright city lights? Or winding through the cobblestoned streets of Paris? It makes you wonder – how feasible is it to rent in overseas cities?

We’ve taken the median price to rent in each Australian capital city and had a look what we can find –  here and overseas.

Here are the results:

$500/wk: Melbourne vs New York

The median weekly rent for a two bedroom unit in Melbourne is $530. In prestigious South Yarra, it drops to $500.

Here’s what we found on the south side for the average going rate.

Bray St, South Yarra

South Yarra apartment

This light filled two bedroom apartment with city views, luxuriously appointed bathroom and modern kitchen comes fully equipped with a brand new washing machine, dishwasher, central heating and air-conditioning.

Or…

E 23rd St, Brooklyn, NY

Brooklyn apartment

Forget Manhattan, if you want a decent space with only $500/wk to spend, you’re moving to Brooklyn, baby. And not the trendy part either. Oh, and forget that second bedroom. This is a studio apartment.

 

$600/wk: Sydney vs London

The median weekly rent for a two bedroom unit in Sydney – $850 – is enough to make some of us gasp in horror. But take two steps out of the city, and rent prices drop drastically – even in Neutral Bay with its period architecture. Here, two bed units average $600/wk.

Ben Boyd Road, Neutral Bay

Neutral Bay art deco apartment 

Beautifully renovated in a boutique block of six, this Art Deco apartment really is bang for your buck. It’s spacious, open-plan, freshly painted with timber floors and ornate high ceilings. And there’s an extra bedroom which you can turn into a study.

Or…

Herbal Hill, London

Kitchen in London apartment

This teeny tiny “kitchenette” could be all yours for $600/wk. The London apartment includes secure bike storage, CCTV and a spacious modern common room with a pool table. We just don’t know if we can get past that kitchen.

 

$400/wk: Adelaide vs Florence

Capital cities are usually places that we commute to from the inner or outer fringe. Not so in Adelaide. People actually live here! To prove it, here’s a two bedroom row cottage for the average price of rent per week – $400.

Corryton Street, Adelaide

Adelaide terrace

Check out what’s behind the shiny red door. You could live the white picket fence dream with this newly renovated, heritage-listed terrace in Adelaide’s south east pocket.

Or…

Via Gioberti, Florence

Pink bathroom

From big red, to flamingo pink – we bring you this Florence hidey-hole. It’s in one of the most beautiful cities in the world, so maybe we can forgive the questionable colour scheme and pokey rooms. On second thoughts, take us back to Adelaide.

$400/wk: Brisbane vs Los Angeles

If you’re a Brisbanite, you’ll know living in the city can be expensive. But in heritage neighborhood Corparoo a two bedroom unit is yours for $395/wk – that’s the average rate. For $5 more, we’d take this modern townhouse – city views and all.

Ninth Avenue, Corparoo

Corparoo

Both bedrooms in the property have access to a large third-level balcony, and the living/ kitchen opens onto a second balcony. There’s a even little garden out the back. Summer nights are set.

Or…

W75th Street, Los Angeles

Los Angeles apartment

We bet when you saw Los Angeles you pictured palm trees, the Hollywood sign and 90210 on your letterhead. Unfortunately, with an allowance of $400/wk, this beige block is closer to reality.

$420/wk Perth vs Paris

Thanks to the mining boom, Perth’s another capital city where rent prices have skyrocketed. But take a short dash north east of the city, and you’ll find yourself in leafy Mount Lawley, where the average price to rent is $450/wk for a two bedroom unit. We found this character apartment for $420.

Walcott Street, Mount Lawley

Mt Lawley apartment

The polished floors and high ceilings separate this apartment from the rest. There’s also small rear courtyard with established shading trees to keep the scorching western sun at bay.

Or…

Porte de Saint Cloud, Paris

Paris apartment balcony

 

Paris is the city of romance, but we’re feeling a little less than inspired. You’d struggle to fit two lovers on this balcony – but it was all we could pin down for under $450.

 

$580/wk: Darwin vs Berlin

The median rent in Darwin is  $628/wk for a two bedroom unit. So finding this top floor apartment for $580/wk was a welcome surprise.

Darwin apartment

There’s two bedrooms and two bathrooms in the centrally located city apartment. The large open balcony is perfectly primed for gazing at Darwin’s famous sunsets.

Or…

Berlin house

Move to Berlin and settle into this bright red cubby house. It may look a lot like a can of Heinz tomato soup, but don’t be put off,  there’s a big backyard and hobby room beyond the front door.

 

$395/wk: Hobart vs Honolulu

For $10 less per week than the average price for a two bedroom house in Hobart, we give you this quaint three bedroom terrace house.

Hobart terrace

Polished floors, ornate fireplaces in all bedrooms and a galley-style kitchen opening onto a large backyard. Quite the bargain, Hobart.

Or…

Makiki Street, Honolulu

Honolulu apartment

Who doesn’t want to pack up and move to Hawaii? Easier said than done, though. Finding cheap flights is hard, and so is finding somewhere to live in the city. This 36sqm block is the best we could do. There’s one bedroom, one bathroom and a laundry in the building. And it comes fully furnished, although you’d be inclined to BYO.

 

$560/wk: Canberra vs Tokyo

Canberra’s median rent prices are by no means modest – $575/wk for a two bedroom unit. We’ve managed to shave $15 off that price, and score a suite of extras in the mix.

 

Coranderrk Street, Canberra City

Canberra city

There’s two car spots, BIRs and a heated swimming pool and gym within the complex. And if you’re working in the city, we hope you like sleep-ins – this executive apartment is only five minutes away.

Or…

Suginami-ku, Tokyo

Tokyo apartment

This abstract tiled box is nothing if not unique. But we’re not sure if you could convince us to live inside it. Especially with only 13sqm to spread our wings.

 

 

SOURCE: Alice Bradleu via: http://www.realestate.com.au/news/will-rent-money-get-overseas/