Sydney renters are experiencing the toughest ever market conditions.
Sydney-siders view properties in Surry Hills for rent as prospective tenants are having difficulties securing rental properties. Crown Street, Surry Hills Picture: NCA NewsWire / Jeremy Piper
This figure has plummeted by almost 50 per cent, down from 20.1 per cent recorded at the start of the pandemic. Homes were even more difficult to rent, with only 5.9 per cent of houses listed for rent under $400 per week – down from 10.9 per cent in October last year and 17.3 per cent at the start of 2020, a drop of around two-thirds.
“Much of these rental stresses are a by-product of rental supply remaining the same as well as rapidly rising interest rates,’ Mr Kusher said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A giant cavern beneath Barangaroo is about to bridge gaps to greater SydneyThe precinct has been a hive of activity as the construction of buildings, parks and dining strips transform the foreshore. It’s been buzzing below the surface too.
Read more »
Star’s Sydney casino licence suspended, hit with $100m fineStar Entertainment Group has been hit with a record fine and had its casino licence suspended but will still be able to stay open and trade.
Read more »
Star's Sydney casino licence suspended from Friday but doors will remain openThe Star Entertainment Group will have its licence to operate its Sydney casino suspended from Friday, and has been ordered to pay a $100 million fine.
Read more »
Sydney rail workers to switch off Opal readers from ThursdayThe deactivation of Opal machines from 3pm to 7pm on weekdays puts unions on course for another major confrontation with the state government.
Read more »
All roads lead through Sydney, Melbourne and Brisbane as Matildas await World Cup drawThe Matildas will spend the entirety of next year’s Women’s World Cup on Australia’s eastern seaboard, regardless of how they fare on the pitch | VinceRugari
Read more »
Mould outbreak in Sydney | 7NEWSSydney's wet weather has brought more than just rain, it's creating a health hazard in our homes. The number of people needing help with mould has risen dramatically in the last few months. It's become so bad that it's now getting into unexpected places.
Read more »