Sydney rent prices surge to new heights
The latest data shows renters have to pay more of their income for a home in Sydney than in any other Australian city.
Some Sydney investment property owners are expected to take home an additional $5200 a year in rental income.
Chief of research and economics at Domain Dr Nicola Powell told Luke Grant Sydney house rents have increased by $80 a week.
“That’s over $4000 extra in rent people are paying for a house rental each year.”
Press PLAY below to hear the full interview
