Laverton set to save renters cash

Laverton is now the cheapest suburb to rent a share house in according to Rent.com.

Rent.com.au has released its monthly report sharing recommendations for the most affordable suburbs for renters living in shared housing.

The report published on Monday, April 24, listed the top 20 suburbs that will save renters the most cash, the suburb sitting at number one is Laverton.

According to the report, the median price for a one-bedroom unit is $295, for two bedrooms $360, for three bedrooms $340 and for four bedrooms $400.

The median estimated percentage for shared house savings in Laverton is -55 per cent, which is at least two per cent higher than the other competing suburbs.

The only other suburb on the list in the Maribyrnong and Hobsons Bay sector includes Braybrook, sitting at number seven.

The median price for a one-bedroom unit in Braybrook is $320, for two bedrooms $390, for three bedrooms $380, and for four bedrooms $500.

According to Rent.com.au‘s latest report, renters in these top 20 suburbs can cut their weekly rent by up to 50 per cent by choosing to share a house instead of renting an entire apartment.

Rent.com chief executive Greg Bader said splitting rent and utilities with housemates will allow renters to save money while enjoying a more affordable housing option.

“Sharing has always been a practical option, especially for the young and those just entering the workforce with limited budgets. However, what we’re now seeing is a real broadening in the market, with people from all age groups embracing house-sharing. While cost is still a major driver, the trend also caters to those seeking to maintain their preferred lifestyle, including living in an area they love,” he said.

Jennifer Pittorino