Inner-Sydney unit rents surge as affordability shifts demand
New Cotality figures reported by The Sydney Morning Herald show sharp five-year rent increases in several inner-Sydney apartment markets as high house prices push more people towards units and international students add to demand. Rents in Zetland, Chippendale and Haymarket have risen by roughly $367 to $452 a week since mid-2021. The data also shows a more mixed picture elsewhere, with rent growth in Hunters Hill, Avalon Beach and Hornsby Heights running below Sydney inflation over the same period. For landlords, the result reinforces the importance of assessing rent suburb by suburb rather than relying on a single city-wide trend.
