The Guardian reports that Sydney median house rents hit record $850 a week:
House rents in Sydney have surged over the past three months to a record $850 a week, according to Domain data, as housing costs rise across the country.
Rent increases for houses were steepest in Sydney over the June quarter, with a 6.3% lift in median rental asking prices. Prices also lifted by 4% for Sydney units to $780.
The rental rises were steepest in Sydney, Brisbane, Canberra and Darwin, while increases in Melbourne, Adelaide, Perth and Hobart have moderated, even as vacancy rates remain low.
House rents in Australia’s second biggest city, Melbourne, climbed by just 0.8% to $600, making it the country’s most affordable state or territory capital.
Domain’s report found that the national increases were “stronger than seasonal norms and relatively abrupt in some cities”.
The steepest increases were recorded in houses, while changes to unit rental prices were more subdued.
Domain said that landlords may have moved quickly to lift asking rents where market conditions allowed after the government announced changes to investor tax settings at the May budget.
From what I know of Sydney this completely figures. I don’t think I know many places outside of the reggae scene where people are as willing to try to take advantage of you and take from you as look at you. It’s a confirmed shithole and playground for confirmed arsewipes. Takers feel secure in Sydney, so everyone else should feel unsafe. Unless you actually like being a doormat and having your back turned into an impromptu knife-holder. The internal scars take me back.
$850 as rental median makes total sense for a playground for selfish individualist psychos so completely set against itself. Is it also a tell as to what Australia as a whole is really about? We’re all in this together, you know, except when property owners can demand almost a grand a week for a roof over your head.
The best part of a grand a week to live in Sydney though? There’s no way to make this make sense any way you look at it. The whole of Sydney just pays stupid rent because that’s what you do. Just go to some job where you haven’t had a reduction in the working day in over 150 years and you keep your head down and try not to become a target because you have a mortgage and need to keep getting paid because that’s what you do. Buy stuff to soothe your alienation because that’s what you do. Did you know I live in Newtown though?
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