Inner City Sydney Suburbs Rents Fall

The swing to the larger out cities such as Parramatta and Liverpool is slowly have an effect on the inner city suburbs. No increases were recorded in the out suburbs as it is believed that the mining boom that has ceased is now seeing a lot of retuning families that want the family home and space. 

Cheaper rent was matched by a rise in vacant inner city homes, which encouraged landlords to advertise their properties at cheaper rates or risk having them vacant for longer periods.

The vacancy rate went from 1.7 per cent of rentals in April to the current 2.6 per cent, Real Estate Institute of NSW data shows.

2-MONTH FALLS IN AVERAGE WEEKLY ADVERTISED RENTS

Courtesy Daily Telegraph

  • Manly houses $125
  • Bondi Junction houses $75
  • Killara houses $70
  • Milsons Point units $53
  • Avalon Beach houses $50
  • Neutral Bay houses $50
  • Little Bay houses $43
  • Peakhurst units $27
  • Surry Hills houses $25