Houses and units from the northern beaches to the inner west, west and south-west, recorded a double-digit surge in the year to September.
Roselands, up 31.8 per centSome Sydney landlords are asking for as much as 30 per cent more rent than this time last year, making it tough for tenants amid a broader cost-of-living crisis.
The Sydney suburbs that have had the strongest rates of growth are quite scattered, Domain head of research and economics Dr Nicola Powell said. Some were in affordable areas west of the city, others were sought-after inner suburbs. The next biggest jumps in house rents were Villawood, Illawong and Beaconsfield, all up at least 24 per cent.Asking rents for units rose the most in Roselands in the Canterbury-Bankstown region, up 31.8 per cent to $580 per week. It was followed by St Marys in the west, up 28.9 per cent to $480 per week. Revesby in the Canterbury-Bankstown region was next, up 27.4 per cent to $685.“In the coming quarters and months we’ll likely see a deceleration in that annual change.
Some renters are relocating to the country for affordability, which Tulip said has a significant impact on the economy. Director of renter’s agency The Rent Fairy Sarah Elkordi said renters are trying to increase their chances of securing a property.“More so in the south-west, west, eastern suburbs and the inner west, many clients are targeting properties that are lower than the top end of their budget,” she said.
Sydney renter Trent Foo, a 23-year-old actor, is hoping to be able to renew his lease in February on his Glebe share house.
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