20 September 2019 The suburbs renters are racing to live in Realestate.com.au data has revealed the suburbs where rentals spend the shortest amount of time on the site before being snapped up and it may be surprising to learn that these tend to be located in the outer suburbs rather than inner-city. Nationally, suburbs in New South Wales claimed six of the top ten fastest rented. "The NSW rental market has traditionally been more competitive than other markets due to the challenges with housing affordability being more profound in that market," says Kul Singh, REA Group Executive Manager – Rent. "Whilst property prices have reduced in some pockets, they are still unaffordable for many renters and therefore competition is still high driving lower days on market. Having said that, Sydney saw an increase in vacancy rates in April versus the same time last year which may suggest that the competition. This may be due renters entering the exciting phase of home ownership (with less investor activity) and also increases in new developments adding to available properties." Australia's fastest-rented suburbs Suburb Median days on site 20191 Median days on site 20182 Median rental price3 Margate (TAS) 8 13 $450 Black Head (NSW) 8 N/A4 $500 Hawks Nest (NSW) 8 N/A4 $360 Narrabeen (NSW) 8 27 $845 Rosslyn (QLD) 8 N/A4 $450 Agenton (NSW) 10 18 $375 Hidden Valley 10 35 $360 Fairlight (NSW) 11 24 $1,255 Ragian (NSW) 11 25 $380 Rose Bay (TAS) 11 26 $498 1Six months to 30/4/2019. 2Six months to 30/4/2018 3Two months to 30/4/2019 4Didn't meet the minimum requirements of six listings in the last six months It's also worth noting that a few of the suburbs in the data didn’t even qualify as a quickly rented ‘burb in 2018. To qualify, a suburb required a minimum of six listings in the last six months. These suburbs included Black Head, NSW, Hawks Nest, NSW and Rosslyn, QLD. Here are the fastest rented suburbs in each state. Australian Capital Territory Charnwood, Amaroo, Dickson and Isabella Plains are the rental suburbs where you won’t see a property listed for long until it’s tenanted. A listing in these suburbs lasts only 13 days on realestate.com.au which is five less days than last year. Picture: realestate.com New South Wales Sydney has some of the most snapped up rental suburbs in all of Australia and Black Head, Hawks Nest and Narrabeen are the most in-demand with a property in these locations only lasting a median of eight days on site. Hawks Nest is the cheapest of these rental suburbs to live in with a median weekly rent of $360. Picture: realestate.com Northern Territory Marrara and Farrar are the suburbs where you’ll need to keep your finger on the pulse. A listing in these suburbs are on site for a median of 20 days before being tenanted. Picture: realestate.com Queensland Rosslyn is the fastest rented suburb in Queensland with listings lasting only eight days on site. Rent here is a median of $450 per week but being in such close proximity to the waterfront seems like a fair pay-off. South Australia Highgate and Keswick in South Australia are the fastest rented suburbs with properties lasting a median of 11 days on site. Highgate is $215 more expensive than Keswick - with a median rent of $630 per week. Located near the University of Adelaide campus, it could explain why renters are so keen to live here. Picture: realestate.com Tasmania Margate appeared as the fastest rented suburb in the state with a listing lasting a median of eight days on site. This rental hotspot is located just 21 minutes drive from Hobart and on the water's edge. The median weekly rent here is $450 per week. Picture: realestate.com Victoria You may expect Fitzroy, or Carlton to be the fastest rented suburbs, but in fact, it’s Hidden Valley where rentals don’t last long on the market – only 10 days. Hidden Valley is so hidden that it actually shares a postcode with Wallan, this is because it’s a new estate. You’ll have to be monitoring the rental page carefully to get a rental here. Western Australia Renters are jumping on properties in the suburb of Hocking, Jolimont and Marmion in Western Australia. Listings in these areas last 15 days on site before being rented out. Jolimont saw the biggest year on year change in how quickly it found tenants lasting 35 days less in 2019 than in 2018, however, Hocking is the cheapest of these suburbs to rent, at $390 per week. This interactive tools works best on desktop: Originally published on realestate.com.au as ‘The suburbs renters are racing to live in’.