Randwick rentals constant at $580 per week: Rent.com.au report
The median rental for properties in Sydney's rental heartland, Randwick was unchanged in September-October from the previous quarter, but the average days on the market came down.
According to a report by rent.com.au the median rental price for a 30-day period was $580 per week, same as the previous quarter, it said.
Surrounding suburbs of Centennial Park, Queens Park, Waverley, Clovelly, Kingsford, Kensington, Coogee and South Coogee, however, commanded a higher median rental of $600 during the quarter, and also the previous one, the data showed.
The average days on the market for rental properties advertised in Randwick in the 90 days covered by the report was 17 days, four days less than the last quarter and about half of the 33 days on the market for properties in nearby suburbs.
There were 102 rental properties advertised in Randwick in the last 30 days before the report came out in mid-October - this is up six from the previous 30 days, the report to landlords noted.
The total number of rental properties in the suburb was 5,230, making up 47.8% of all properties in Randwick, according to ABS data in 2011.
The property composition in Randwick is made up of about 68 percent apartments and 32 percent as houses.
