Rent in Launceston on average has dropped since the start of the year, according to new statistics released by the country’s biggest rental property website.
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This week, rent.com.au has reported that the average rent in September was $285 a week for a house in Launceston, compared to $305 in January.
Rent at South Launceston remained unchanged over the year at $260 a week.
Rent at Scottsdale dropped $20 over the year to rest at $220 a week.
The cheapest place to rent a home in the Northern region was at Legerwood at $195 a week.
The state’s median regional rent is situated at $270 per week while the median rent in Hobart is $380 per week for a house.
The state’s priciest suburb is Taroona where rent is averaged out as $595 per week.
Website chief executive Greg Bader said Hobart and Launceston can be tough markets for a renter.
“Relatively low stock compared to demand sees the average time on market for a property at around two weeks, much less time than most mainland cities,” he said.
“That mean a renter needs to be prepared to move fast.”
Meanwhile, the North-West has the biggest rental bargains in the state with Ocean Vista the cheapest place to rent in Tasmania at $115 a week.
This was followed by Zeehan ($150 per week), Rosebery and Queenstown ($155 per week), East Devonport ($175 per week) and Tullah ($180 per week). Burnie rents have increased on average $20 from the start of the year until now, Ulverstone saw a $30 increase, while the rest of the region remained stable.