Burwood takes top spot as fastest rental growth suburb in Sydney with a 17% increase: Investar

Burwood takes top spot as fastest rental growth suburb in Sydney with a 17% increase: Investar
Burwood takes top spot as fastest rental growth suburb in Sydney with a 17% increase: Investar

Burwood is the fastest rental growth in Sydney for units, according to Investar’s latest market report.

The investment firm states that Burwood’s rental price has increased by 17 percent to $470.

This is followed by Canterbury at 16 percent to $535 and Artarmon at 16 percent to $465.

Suburb

Postcode

Bedrooms

median rent

1 yr change

Burwood

2134

Studio and 1

$470

17%

Canterbury

2193

2

$535

16%

Artarmon

2064

Studio and 1

$465

16%

Bondi Junction

2022

Studio and 1

$580

16%

Wollongong

2500

Studio and 1

$300

15%

Neutral Bay

2089

3

$975

14%

Bellevue Hill

2023

Studio and 1

$520

14%

An example would be a one bedroom unit at 19/316 Parramatta Road (above) where the weekly rent is $490 per week.

Similarly a one bedroom unit at 165/1 Railway Pde (below) has a weekly rent of $500.

Burwood takes top spot as fastest rental growth suburb in Sydney with a 17% increase: Investar

Tags: 
Sydney Investar

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