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Rents across Sydney stay stable, new figures show
Posted on 2010-05-19
RENTS across Sydney have not risen dramatically despite rising property prices, new figures show.
The average rent in Sydney in the March quarter was $400 a week, just $10 more than in the same period a year ago, NSW Housing Minister David Borger said yesterday.
"Rents remained relatively stable throughout 2009 and the latest data shows the stability continuing into the first quarter of 2010," Mr Borger said, referring to the latest Rent and Sales report from Housing NSW.
The cheapest one-bedroom homes in Sydney's "outer ring" were in Wyong and Gosford, costing $170 a week.
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