Sydney's most valuable spare rooms

on 6 January 2016 by Aaron

Another year has come, and like most people you’ve probably set some awesome new years resolutions. New year, new me and all that jazz.

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Maybe you’ve been sensible and decided you’ll pay down that mortgage or bolster your savings. Or, perhaps you’ve decided it’s the year for a big overseas trip.

Either way, these will come at a price, and unless you’ve got a big promotion coming up they might be hard to achieve.

So, if you have a spare room in your home, it might be time to start renting it out to help pay for your 2016 goals. It’s also a great way of mixing up your home life; with new flatmates comes new experiences and potential lifelong friends.

If that’s still not enough to get you clearing out your space, perhaps finding out the value of your room just might. According to figures released by Flatmates.com.au rooms in some Sydney suburbs can bring in a healthy $16,000 - $19,000 per annum.

Based on average room rental prices from the last half of 2015, we have put together a list of the most valuable rooms by city, as well as their popularity amongst those currently seeking a place.

Rank Suburb Average Rent P/W Demand
1 Elizabeth Bay $366 Moderate
2 Darling Point $359 Low
3 Potts Point $358 High
4 Kirribilli $356 Moderate
5 Pyrmont $353 High
6 Manly $348 Very High
7 Tamarama $345 Moderate
8 Rushcutters Bay $344 Low
9 Zetland $340 Moderate
10 Haymarket $338 High
11 Woolloomooloo $337 Moderate
12 Darlinghurst $337 Very High
13 Sydney $335 Very High
14 Bronte $331 Moderate
15 Bondi Beach $329 Very High
16 Edgecliff $329 Moderate
17 Vaucluse $328 Low
18 Surry Hills $326 Very High
19 Ultimo $325 Very High
20 Fairlight $324 Low

Average prices taken rooms listed on Flatmates.com.au between 1 July - 31 December 2015

Demand based on the number of people looking in the respective suburb on 6 January 2016

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  • Aaron
  • media@flatmates.com.au
  • Aaron is the Flatmates.com.au's Community Manager and PR guy. He is an avid supporter and user of share accommodation, currently living with two (lucky) flatmates.