Sydney's most valuable spare rooms

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.

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

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^{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}