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$1000 a week gets you best digs on offer

Date

Stephanie Anderson

Exclusivity ... Luton senior property manager Tamara Davis in a Red Hill property which would set someone back $2500 a week to rent.

Exclusivity ... Luton senior property manager Tamara Davis in a Red Hill property which would set someone back $2500 a week to rent. Photo: Melissa Adams

Canberra's rental market has a lot to offer - but it will cost you more than $1000 a week.

Anglicare Australia's Rental Affordability Snapshot issued yesterday found there was ''virtually no affordable housing'' available for low-income earners in the capital, with the nearest listed property for single parents on the minimum wage located an hour away in Goulburn.

While competition is tough at the lower end of the market, choice is increasing for Canberrans who can afford to spend more.

The luxury Red Hill property also boasts a swimming pool.

The luxury Red Hill property also boasts a swimming pool. Photo: Melissa Adams

Luton Properties Manuka senior property manager Tamara Davis said in the past few years there had been an increase in the number and range of top-end rentals in the capital.

''There are over 30 properties over $1000 a week just in the inner south right now,'' she said. ''That's quite a large number, usually you only see three or four for each suburb.''

Ms Davis said an increasing number of high-end properties would be coming on to the rental market in the coming weeks, joining current listings ranging up to $4000 a week for a four-bedroom house.

Property rental prices.

Property rental prices.

''This time of year and December through to February is when a lot of companies, embassies and even right down to families are looking,'' she said.

''Once you hit the $800, $900 and start getting to the $1000 plus, it's all by appointment with a bit more exclusivity I guess.''

But Ms Davis said it's getting tough at the top as international financial concerns affected budgets for Canberra's big spenders.

''We've found embassies aren't spending as much as what they've been known to in previous years, because things are tough worldwide,'' she said. ''Some embassies used to spend $1500 a week, now they're only spending $1000.''

Andrew Chamberlain, of Peter Blackshaw Manuka, said like sales, the top tier of the rental market was the weakest but was unaffected by the current political uncertainty concerning public servants and politicians.

''Parliamentarians are only in Canberra for a relatively short period of time,'' he said.

''If they do rent, it's often very modest.''

 

twitter This reporter is on Twitter: @stephanieando

7 comments so far

  • High end market? Are you real estate agents kidding yourselves again?

    These "high end" properties are renovated old dumps and most likely still full of asbestos!

    Who pays the rent for these $4,000 a week properties? Australian taxpayers (without knowing it?) for some air-marshal or an air-vice marshal, or maybe a general? Or some other diplomat from a foreign embassy?

    So, while the nations around the world are telling their taxpayers to "tighten their belts", the diplomatic staff and defence personnel have access to these properties all paid for courtesy of the taxpayers in their countries.

    Who else would waste $4,000 a week on rent?

    It's easy to waste money when the money doesn't come from your own pockets!

    Commenter
    Sharron
    Location
    Canberra
    Date and time
    May 01, 2012, 9:17AM
    • Do you really believe that Australian taxpayers pay rent for foreign Diplomats and embassy staff????

      Commenter
      WTF?????
      Date and time
      May 01, 2012, 10:59AM
  • ... and yet we have had a young man living on a tent-raft on the lake, fancy that!

    Commenter
    jondangerous
    Date and time
    May 01, 2012, 9:56AM
    • Is this some sort of sick joke? Yesterday the Crimes was screaming about rental affordability and now we're blessed with a near advertorial of real estate agents lamenting their oversupply of $1000 p/w properties. Simple: Lower. Your. Rent. When will the Crimes stop pandering to this insidious industry and take them to task?

      Commenter
      Waynes Black Swan
      Date and time
      May 01, 2012, 10:21AM
      • Whats the big fuss about? In that price range, its all about choice......and who wouldn't live in a gorgeous place if they could afford to. We live in a free country and some of us have worked REALLY hard all our lives, paid taxes and saved, gone without immediate gratification, invested well and inherited nothing..........and deserve to be able to spend their money how they want!!!

        Commenter
        KP
        Location
        Canberra
        Date and time
        May 01, 2012, 10:38AM
        • If you can afford it (or have earned the supported rental qualification) good luck to you!

          Personally, I prefer a cabin on 200 hectares in the ranges beyond Wee Jasper along the Micalong creek trout stream.

          Commenter
          JohnD
          Location
          Southern Tablelands
          Date and time
          May 01, 2012, 10:50AM
          • Embassy diplomats should be forced to pay their own rents. I don't understand why accommodation is provided for them. Their incomes should support that and why they need to maintain an opulant presence is beyond me. Just goes to show how the high end look after themselves and claim to represent the average citizen.

            Commenter
            Felix
            Location
            ACT
            Date and time
            May 01, 2012, 11:52AM

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