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Rents tipped to rise 42% over next 5 years

Tightness in the rental market has seen rents rise accross Australia, and Sydney is no exception with ongoing pressure in the close in suburbs.

Rents could rise by as much as 42 per cent over the next five years, equivalent to 7.3 per cent a year, as the rental demand continues to increase and the inner-city construction boom comes to an end*.

Rental supply is particularly low in the inner-eastern suburbs such as Surry Hills, Redfern, Potts Point, Kings Cross and Darlinghurst, where there are limited properties available.

BIS Shrapnel has also found that more than half of Sydney’s inner-city apartments are rental properties, compared to 28 per cent in Sydney’s metropolitan areas.

- rent, sydney, property

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