What areas in Sydney have gone up the most in rent? | ABC News

Published: Sep 03, 2024 Duration: 00:00:55 Category: News & Politics

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I'm in Liverpool right now and in the last year the rent here has gone up by 16.4% and if that sounds like a lot that's because it is in the last year Sydney Southwest including Liverpool Fairfield and campon have had the biggest rental increase in Greater city with the median rent going up from 535 to $640 and second place for Sydney's highest rental increase goes to Sydney's outer West and blue mountain region at 13.7% except I don't really think that's an award anyone wants to win these rental rises in Sydney have homeless New South Wales calling on the New South Wales government to build more social housing saying the biggest increases are hitting areas that are typically meant to be more affordable right now the new southwell's government Target is to build one social house out of every 20 developments but Advocates W that up to 1 in 10 in the rest of the country rent is also going up big surprise with Perth experiencing the biggest annual rent rise at 18% followed by Adelaide at 11.8% but there is some good news according to new data from core Logic the rent Rises are slowing down partly due to the lower levels of migration over the last year

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