Sydney suburbs with the steepest recent rental rises

Tenants are being hammered with rent hikes of over $150 a week in parts of Sydney as recent tax reforms, tight vacancies and higher interest rates heap pressure on landlords. Explosive new figures from PropTrack showed rents have increased across most of the market, with notable rises in suburbs were prices were once among the more affordable in Sydney. These rises often added more than 10 per cent to tenants’ weekly rent bills over just three months, with experts explaining fewer new rentals were coming to market at a time of rising tenant demand. MORE: Jackie O’s cunning $30m exit plan amid Kyle payout REA Group economic analyst Luc Redman TENANTS HAMMERED BY RENT RISE Median weekly house rents in western suburbs Mays Hill and Ermington were up by about $100 a week over the May quarter. Rises were similar in North Ryde, East Ryde, Redfern and North Strathfield. Increases in house rents were even higher at over $150 per week in up-market areas Davidson, East Killara, Mulgoa, Birchgrove and Abbotsford. The highest unit rent rises, ranging from $75-$150 a week, were recorded in Mount Pritchard, Forestville and Millers Point, according to the PropTrack research. The data, the latest ...