Rents are dropping in these 10 areas across Australia
Rent prices are starting to fall slowly in some areas across Australia, according to the Australian Financial Review.
Ten suburbs across three states saw the sharpest drop in weekly rent prices.
Click through to see where rent prices are falling.
10. Lower North Shore, NSW
Sydney's Lower North Shore has seen a 1.4 per cent drop in rents monthly, and a 0.4 per cent drop per Quarter.
However, rents are still a pricey $1442 per week (on average), according to the AFR.
The Lower North Shore includes the suburbs adjacent to the Sydney harbour, including areas like Lavender Bay, Wollstonecraft, Mosman and Milsons Point.
9. Parramatta, NSW
Rents in Parramatta, in Sydney's west, have dropped by 1.2 per cent monthly and 0.5 per cent quarterly.
Weekly rents cost $693 weekly on average, according to the AFR.
8. East Brisbane, Queensland
In Queensland, rents in East Brisbane saw a 1.5 per cent drop monthly, and a 2.3 per cent drop quarterly.
The average rent costs $725 per week.
7. Central Coast, NSW
On the NSW Central Coast, rents fell by 3.6 per cent monthly and 2.7 per cent quarterly.
The average rent is $637 per week.
The Central Coast includes Kincumber, Gosford, East Gosford, West Gosford, Springfield, Berkeley Vale, Tumbi Umbi and Long Jetty.
6. Inner East Melbourne, VIC
Rents in Melbourne's Inner East have dropped by 1.9 per cent monthly and 2.8 per cent quarterly.
The average rent will still set you back $683 weekly.
The Inner East includes a collection of suburbs including (but not limited to) Hawthorn, Prahran and Windsor.
5. Sydney CBD, NSW
Rents in Sydney's CBD have dropped by 1.6 per cent monthly and 4.8 per cent quarterly.
Weekly costs will still set renters back $1152 on average.
The Sydney CBD includes a number of suburbs, like Haymarket, Surry Hills and Darlinghurst.
4. Inner West, NSW
In Sydney's trendy Inner West, rents have fallen by 2.6 per cent monthly and 5 per cent quarterly.
Rental property costs $788 on average.
The Inner West includes (but is not limited to) Enmore, Leichhardt, Marrickville, Newtown Petersham, Rozelle, Stanmore, St Peters and Summer Hill.
3. Eastern Suburbs, NSW
In the pricey Eastern suburbs of Sydney, rents have dropped by 1.9 per cent weekly and 5.3 per cent quarterly.
However, the average weekly rent is still a pricey $1105.
Sydney's eastern suburbs include areas like Bondi, Randwick, Maroubra, Bronte, Double Bay, La Perouse, South Head and Vaucluse.
2. Gold Coast, Queensland
On Queensland's Gold Coast, rental prices have dropped by 2.4 per cent monthly, and 5.6 per cent quarterly.
The average rental will cost $857 per week.
Suburbs on the Gold Coast include (but are not limited to) Broadbeach, Burleigh Heads and Southport.
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