12 Feb 2020

What you'll pay for a share house in Brisbane's most popular uni suburbs

Oh, the joys of university share houses: ratty couches picked up from kerb-side collection, instant noodles lining the pantry shelves and empty wine bottles used as vases.

Thousands will be searching for their ideal share house among Brisbane's 190 suburbs in the coming weeks before university classes return later this month.

Brisbane Times has analysed the most popular suburbs to rent near the city's major university campuses, based on price, proximity and transport options.

Those returning to the rental market after the summer holidays can expect to pay about the same amount for their rooms but may have a harder time finding a place after Brisbane's rental vacancy rate fell from 3.1 per cent to 2.9 per cent.

Domain's latest rental report revealed house rents in the Brisbane City Council area rose by 3 per cent during 2019 but unit rentals were unchanged.

"House rents have remained in the $400 to $410 range since 2014. Unit rents are only 4 per cent higher than at the end of 2012," the report read.

St Lucia

Proximity to the University of Queensland is a massive drawcard for house hunters in St Lucia who can get to class easily by bike, on foot or bus.

The suburb is mostly residential but there are more than enough shops, restaurants and cafes in neighbouring Taringa, Toowong and Indooroopilly.

Median rent price for three-bedroom house: $550

Median rent for two-bedroom unit: $410

Residents currently renting: 57 per cent

Toowong

Slightly cheaper than than neighbouring St Lucia, Toowong has fast and frequent bus routes into the UQ campus as well as a CityCat terminal and a train station.

The Royal Exchange Hotel, a popular haunt for UQ students, sits across the road from Toowong Village.

Median rent price for three-bedroom house: $520

Median rent for two-bedroom unit: $400

Residents currently renting:: 55 per cent

Dutton Park

Filled with plenty of pre-war homes ideal for sharing, Dutton Park has long been popular for Brisbane university students.

The Eleanor Schonell Bridge, which connects UQ to the southern suburbs, sits in the heart of Dutton Park and there are plenty of public transport options to TAFE and Griffith's South Bank campus.

Median rent price for three-bedroom house: $525

Median rent for two-bedroom unit: $440

Residents currently renting: 61 per cent

Kelvin Grove

It is common to see a long line of people waiting at weekend rental inspections in Kelvin Grove.

Home to one of QUT's busiest campuses, the suburb has plenty of units for students looking to rent close to the classroom.

Median rent price for three-bedroom house: $575

Median rent for two-bedroom unit: $460

Residents currently renting:: 67 per cent

Woolloongabba

Both QUT and UQ students flock to Woolloongabba with renters making up more than two-thirds of the suburb.

The major bus interchange at Woolloongabba generally makes the trip to most Brisbane campuses quick and easy.

Median rent price for three-bedroom house: $500

Median rent for two-bedroom unit: $475

Residents currently renting: 67 per cent

Greater Mount Gravatt

The greater Mount Gravatt area, including upper and east, sits about 10 kilometres south of the CBD.

This allows Griffith students studying at the Nathan and Mount Gravatt campuses to snap up much cheaper rental properties than those closer to the city.

Median rent price for three-bedroom house: $430

Median rent for two-bedroom unit: $400

Residents currently renting: 43 per cent

SOURCE : https://www.brisbanetimes.com.au/national/queensland/what-you-ll-pay-for-a-share-house-in-brisbane-s-most-popular-uni-suburbs-20200131-p53wkn.html

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