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.
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.