Where Single Aussies Can Afford to Live

In a recent analysis, Ray White has explored the affordability of renting as a single person in Australia. By comparing average weekly incomes to median unit rents, the study has identified the cities and suburbs where it's most feasible for a single individual to live independently.

Key Findings:

• Capital Cities: Canberra, Darwin, and Hobart emerged as the most affordable capital cities for single renters.
• Regional Areas: Regional South Australia and regional Victoria stood out as particularly affordable options.
• Suburban Surprises: Unexpectedly, some high-end suburbs, like Hunters Hill in Sydney, were found to be more affordable than lower-income areas due to high incomes and relatively low rents.
• Factors Affecting Affordability: The availability of unit developments and the overall rental market dynamics in each city played a significant role in determining affordability.