Suburbs in Greater Sydney recorded the highest increase in rents over the past year, according to the latest data sets from PropTrack.
Over the year, Rose Bay in Greater Sydney reported the biggest annual jump in median weekly house rent in May, up $625 to $2,000.
This means that renters in Rose Bay would need to pay an extra $32,500 in rents annually.
Vaucluse, also in the Greater Sydney region, registered the second highest surge at $500, bringing its median weekly house rent to $3,000.
Across unit markets, Greater Sydney also dominated the list, with Haymarket posting the highest increase at $210, which pushed rents to $900 per week.
The tables below show the suburbs have experienced the strongest increase in rents year-on-year:
|
House markets with biggest year-on-year surge in rents |
||
|
Suburb |
Current Median Weekly Rent ($) |
$ change, year-on-year |
|
Rose Bay, Greater Sydney |
2,000 |
625 |
|
Vaucluse, Greater Sydney |
3,000 |
500 |
|
Clear Island Waters, Rest of Qld |
1,400 |
400 |
|
Paradise Point, Rest of Qld |
1,250 |
400 |
|
Surfers Paradise, Rest of Qld |
1,400 |
360 |
|
Sunshine Beach, Rest of Qld |
1,200 |
330 |
|
Pagewood, Greater Sydney |
1,190 |
310 |
|
Miami, Rest of Qld |
1,100 |
300 |
|
North Bondi, Greater Sydney |
1,800 |
300 |
|
Queens Park, Greater Sydney |
1,650 |
300 |
|
Unit markets with biggest year-on-year surge in rents |
||
|
Suburb |
Current Median Weekly Rent ($) |
$ change, year-on-year |
|
Haymarket, Greater Sydney |
900 |
210 |
|
Main Beach, Rest of Qld |
750 |
200 |
|
Darling Point, Greater Sydney |
1,050 |
200 |
|
Zetland, Greater Sydney |
820 |
170 |
|
Caringbah South, Greater Sydney |
965 |
170 |
|
Millers Point, Greater Sydney |
850 |
160 |
|
Rosebery, Greater Sydney |
750 |
155 |
|
Chippendale, Greater Sydney |
700 |
150 |
|
Melbourne, Greater Melbourne |
550 |
150 |
|
Sydney, Greater Sydney |
800 |
150 |
-
Photo by Phillipe Wittke
