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10 News First

Rental market slowing despite record high prices

10 News First · New
10 News First
10 News First
New

Experts warn that Sydney’s rental crisis is exacerbating homelessness and pushing home ownership out of reach for some as the city’s rents hit record highs.

BreakdownGenerated by LeadStory AI
  • Rental prices in Sydney have reached record highs, with significant increases for both houses and units. 8s
  • A two-bedroom unit in Hurstville now rents for $700 per week, up from $470 three years ago. 13s
  • The affordability crisis is leading to increased poverty and homelessness among renters. 1m 3s
  • 40% of people in Sydney are now renters, highlighting the scale of the issue. 1m 10s
  • While rent increases continue, the pace has slowed, offering some hope for tenants. 1m 28s
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