An insatiable starvation for rental properties and adjustments to unfavorable gearing guidelines have pushed up weekly rents throughout the state over the previous quarter, new knowledge reveals.
Unique REA Group knowledge reveals SA’s prime performing suburbs and cities, with landlords laughing all the best way to the financial institution throughout many of the state – not simply sure in-demand pockets.
In line with the information, Somerton Park’s weekly home hire spiked essentially the most over the previous quarter, sitting 6.7 per cent or $50 every week larger in June than in March.
The regional stars of Port Lincoln and Whyalla Stuart homes have been tied for second place – with rents up 6 per cent on this time final yr in each regional suburbs.
Items in Glenelg North are $30 every week or 5.8 per cent dearer than final quarter, whereas Glengowrie and Woodcroft homes rounded out the highest 5 with will increase of 5.6 per cent and 5 per cent – or $40 and $30 every week respectively.
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Tom Devitt – HIA Senior Economist
Housing Business Affiliation senior economist Tom Devitt mentioned Australia’s housing scarcity was hurting on a regular basis South Australians.
“Australia has a scarcity of housing inventory within the places, of the categories and on the costs households want,” he mentioned.
“Rental emptiness charges stay critically low. Rents are rising. Residence costs are elevated and family formation is being suppressed.
“These are signs of a housing market the place demand exceeds provide.
“Australia is successfully attempting to accommodate demand from round 11 million households with considerably fewer appropriate and obtainable houses.”
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Whereas all of this could be nice information for landlords, it comes at a price.
Not-for-profit neighborhood service organisation Lutheran Care supplied emergency reduction for 847 households between July 2025 and March 2026, which was up considerably on the 792 households it helped throughout the identical interval the earlier yr.
Of this yr’s recipients, 38 per cent or 325 households have been searching for emergency reduction for the primary time.
Lutheran Care monetary wellbeing crew chief Sarah Air mentioned rising leases have been dangerous information for a lot of renters.
“For a lot of households, as soon as they’ve paid their mortgage or hire, persons are making not possible selections between paying payments, shopping for meals or filling the automobile with gas.”
Persons are discovering it tougher to make ends meet, with rental stress a serious supply of despair.
“It’s worse than it’s ever been – we’re seeing individuals who have beforehand managed to make ends meet all of the sudden discovering they simply can’t stretch their earnings far sufficient to pay for rising price of housing, groceries, utilities and insurance coverage.”
Regardless of inventory shortages and funding technique adjustments rents have truly dropped in 11 suburbs over the previous quarter – with all however three of those being homes.
Home rents dipped in Hallett Cove, Grange, Golden Grove, Morphettville, South Plympton, Glenelg North and Flagstaff Hill, with Flagstaff Hill landlords the toughest hit with a 2.6 per cent or $18 every week drop.
Unit rents have dropped in Campbelltown and Christies Seaside – each down -0.9 per cent and $5 respectively.– and Murray Bridge which is down by 5.3 per cent or $20 every week.
