This ultimately depends on where you want to live. Like most countries, our major cities are not cheap, but they offer a lot in terms of lifestyle. To give an indication of prices, the most affordable city to rent in is Hobart in Tasmania where a house is likely to cost around $350 a week1. In Sydney, average rent prices are higher at $530 for a house and $520 for a two-bedroom unit1 ― but of course, costs can be higher in popular suburbs such as Manly, Bondi or Pyrmont. It just means thinking carefully about what you’re looking for in a neighbourhood and what you would like to spend.
It’s worth remembering there will always be competition for good rental properties, so it’s important to act quickly when you find somewhere you like. If possible try and get a rental viewing for mid-week – you’ll find less people there as Saturdays tend to be more popular.