Rents go through the roof

RENTERS won¿t be surprised by new figures that confirm Sydney is the most expensive place to rent in Australia.

The Rocks topped the list as the most expensive suburb to rent an apartment, with the average shoebox there setting you back $1100 each week, said RPData.

MX reports that the same money could almost rent two apartments in Docklands, Melbourne’s most expensive suburb at $600 a week.

Brisbane and Perth lagged well behind, with the highest average rents for apartments at $500 and $450 respectively.

Canberra’s most expensive suburb, Forrest ($750), would not have made Sydney’s top five.

Point Piper ($950), Millers Point ($850), Warrawee ($795) and Cabarita ($770) all had higher average rental prices.

September quarter figures revealed rents for Sydney apartments rose on average by $113 a week over the past three years.

Not surprisingly, suburbs from the North Shore and eastern suburbs dominated the list when it came to renting a house.

Clontarf on the northern beaches was named the most expensive suburb to rent a house with a medium rent of $1600 per week.

At the other end of the price spectrum, Carramar has the cheapest rent with an average weekly rental of $200.

Bradbury in Campbelltown was cheapest for apartments at a mere $195 a week.

Source : Here