Destination Services — Sydney housing market update
The housing market in Sydney is experiencing a shortage of available properties, which is causing rents to go up and creating intense competition among renters. This shortage affects both furnished and unfurnished properties, including apartments, townhouses, and houses. Finding a 4-bedroom apartment in Sydney is particularly difficult at the moment.
Here are the rental price trends:
- House rents have gone up by an average of 2.7% in the last quarter, and they have increased by a significant 21.7% over the past year.
- Unit rents have seen an average increase of 4.7% in the last quarter and a remarkable 23.8% growth over the past year.
These numbers show that rental prices are on the rise, making it challenging for people to find affordable housing in Sydney. To navigate this competitive market, it’s important for renters to be proactive and act quickly. Keeping a close eye on available properties and being prompt in responding to rental opportunities will increase your chances of finding a suitable place.
While the current housing market conditions present difficulties, we are here to provide support and guidance to help you in your search for a home in Sydney. Stay tuned for more updates and helpful tips as you navigate the housing market.
How Santa Fe can assist you:
Please take into consideration that the above information is in accordance with current legislation, but Santa Fe can investigate all the different cases and can offer the best and compliant advice.
For further insights please contact us using the following link:
