New data from Flatmates.com.au confirmed the latter showing that 44 of Australia’s 50 most expensive share accommodation suburbs are located in Sydney.
Worryingly, the top 25 of these suburbs now have an average room rental price of over $300pw, with Pyrmont topping the list with an average rent of $351 per week.
Flatmates.com.au’s General Manager, Thomas Clement said the results were not a great sign for those looking to live close to the city.
“While the high prices are great news for home-owners and investors, it will be the opposite for those looking for something more affordable.”
“Share accommodation is already the cheapest way for many people to rent, however, the rising prices of rooms in inner-city areas may force some people further out in order to find something within their budget.”
|Suburb||Area||Dist. to City||Average Price Per Week|
|St Peters||Inner West||7km||$249.22|
|Dulwich Hill||Inner West||9km||$240.20|
|Gladesville||Upper North Shore||10km||$229.71|