Blacktown and Fairfield offer Sydney's cheapest rentals

Blacktown and Fairfield offer Sydney's cheapest rentals
Blacktown and Fairfield offer Sydney's cheapest rentals

Despite the massive surge in property prices in Sydney’s West, the region is still home to the city’s most affordable rental apartments.

Government statistics reveal median entry level one-bedroom weekly rents are as low as $280 a week.

That secures a one-bedder, mostly unrenovated, around Blacktown and Fairfield.

Carramar offers the cheapest two-bedroom median rentals at $300 a week, $20 less than Cabramatta at $320.

 

 

 

 

   

 Postcode

Median

 

$

   

                                                              Lowest 1 bedroom

   

2148 (Blacktown)

280

   

2165 (Fairfield)

280

   

2195 (Lakemba)

315

   

2145 (Greystanes)

320

   

2144 (Auburn)

335

   
       

                                                              Lowest 2 bedroom

   

2163 (Carramar)

300

   

2166 (Cabramatta)

320

   

2165 (Fairfield)

350

   

2195 (Lakemba)

360

   

2192 (Belmore)

370

   
       

                                                             Highest 1 bedroom

   

2000 (Sydney)

630

   

2009 (Pyrmont)

600

   

2039 (Rozelle)

600

   

2022 (Bondi Junction)

595

   

2050 (Camperdown)

590

   
       

                                                             Highest 2 bedroom

   

2000 (Sydney)

895

   

2027 (Darling Point)

798

   

2061 (Milsons Point)

798

   

2011 (Woolloomooloo)

795

   

2010 (Surry Hills)

780

   
         

Anglicare Sydney’s recent rental affordability snapshot reviewed some 15,000 properties available on the first weekend of April and found only 76 were affordable and appropriate for households on income support payments without placing them in “rental stress”.

The NSW Fair Trading rental bond data shows the dearest one- and two-bedroom units for lease are all within proximity of the CBD.

The most expensive units have a median rent of $630 for a one-bedder and $895 for two bedrooms.

Two-bedroom tenants pay around $100 a week less in Darling Point and Milsons Point, where the median rent is $798.

Milsons Point leasing agent Andre Pang says new developments have meant rental prices have been steady.

The Rental Bond Board data will be released regularly on the Fair Trading website from later this year.

Victor Dominello, the Minister for Innovation and Better Regulation, says the open data initiative will allow renters and landlords to compare median rents across NSW.

“We are living in the digital age and open data can be utilised to empower communities and policymaking,” he said.

Lakemba is the third cheapest rental suburb according to the state government figures. The median rental for a one-bedroom Lakemba unit is $315 a week.

An as-new studio apartment near Lakemba train station is available at $290 per week, complete with kitchenette, ensuite and balcony.

Greystanes has median rental price for one-bedroom units at $320 a week.

Auburn is over $50 a week more expensive than Blacktown. Its one-bedroom median unit price is $335 a week.

There are only two two-bedroom properties up for rent on realestate.com.au in Carramar, and they’re both available at $300 a week.

The Rental Bond Board had 537,000 bonds held for the Greater Sydney area, where median rents rose 4.3 percent over the March quarter.

NSW Fair Trading the top 5 postcodes with the highest and lowest median rents (per week) in Sydney for apartments.

This article was first published in the Saturday Daily Telegraph.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Sydney Apartments

Comments

Be the first one to comment on this article
What would you like to say about this project?