Sydney rents rise at fastest rate since 2011 in ‘worrying’ trendMore ‘rent bidding’ apps to launch in Australia as rental revolution looms’Startling’ study shows long-term tenants going to extremes to make ends meet
Renters might be used to forking out big bucks to live in inner-city Sydney, but their resolve was seriously put to the test on Wednesday when a tent in a Sydenham backyard was advertised for rent at $130 a week.
Don’t worry, Sydneysiders still have some sense of a fair deal and outrage quickly ensued.
The ad, which was swiftly shared on platforms such as Reddit, stated a $200 bond would also be required and noted potential housemates would have to help keep the house clean and do the washing up.
“Includes all bills and $100/week of communal food that you can add to at your leisure,” the post stated.
“We are also part of a vege (sic) box collective.”
“You would have to be quite clean and taken on responsibilities for cleaning in the house…”
Unfortunately for the person who posted the ad, rather than being inundated with requests to move in, Facebook users quickly slammed the entrepreneurial scheme.
The ‘property’ was also advertised on Airbnb at $36 a night with positive reviews, one noting that the hosts were so friendly the guests had extended their trip from two nights to a week. That listing was also taken down on Wednesday.
It’s not the first time a Sydneysider has tried to make the most of unused spaces. A man living in the nearby inner west suburb of Newtown paid $215 a week to rent a balcony back in 2013.
And it’s not too surprising with Sydney’s median house rent now at $550 a week, and units sitting at $530 a week.
The tent’s listing on Airbnb.
In the 12 months to March, Sydney’s median asking house rent increased by $25, or 4.8 per cent, the biggest annual hike in five years.
Just under 2230 properties in the Sydney and Illawarra area are affordable for people on a minimum wage, according to a recent Anglicare report. That’s about 15 per cent of properties, compared to 17.7 per cent a year ago.
A recently released study found 42 per cent of long-term renters surveyed were struggling due to a shortage of funds, and one fifth had sought assistance from parents or friends.
There are also concerns that the launch of two rent-bidding apps, Life Offer and Rentberry, will exacerbate the situation. I mean, I’d pay $130 to live in a tent in Coogee – but Sydenham?? Flat out ridiculous.??? Jules LeFevre (@jules_lefevre) May 10, 2017