Workflow
五年仅上涨1.4%!房源稀少 高自住率助墨尔本Princes Hill租金稳定
Sou Hu Cai Jing·2025-05-18 13:46

Core Insights - Princes Hill is the area in Victoria with the smallest rental increase over the past five years, with the weekly median rent for independent houses remaining at AUD 750, only up 1.4% from five years ago [1] - The area is less known compared to vibrant neighborhoods like Brunswick and Carlton, yet it is favored by local residents for its charm [1] Rental Market Dynamics - The limited availability of rental properties in Princes Hill compared to nearby areas like Carlton and Brunswick has suppressed price fluctuations over the years [3] - Data shows that only one property was listed for rent in March, with just 26 independent houses available for rent in the past 12 months [3] - Larger homes tend to attract shared households, which may contribute to the stability of rental prices [3] Impact of COVID-19 - The pandemic led to many shared households leaving the area, with some not returning [5] - During lockdowns, individuals moved out of smaller apartments to share larger homes, resulting in a decline in rental prices for smaller units [5] - Currently, there is a trend of individuals moving back to smaller apartments, while demand for larger homes has decreased, leading to less significant rental price increases [5] Demographics and Property Characteristics - Princes Hill is characterized as a high-end area attracting high-income professionals, particularly from the healthcare sector [7] - The average age of tenants in the area is between 20 to 39 years, with many being childless couples [7] - The area has been affected by a significant outflow of students during the pandemic, which led to a notable decline in rental prices around 2021 [7] Property Values and Tax Implications - As of March 2025, the median value of independent houses in Princes Hill is AUD 1,899,810, with a quarterly increase of 1.3% [8] - High land taxes associated with renting properties may deter owners from renting out their homes, leading to a preference for owner-occupancy [8]