Sydney leads the way in weekly room rents

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Sydney has been revealed as the nation’s most expensive city to rent a room in.

Figures from shared accommodation website flatmates.com.au show the average weekly rent for a room in Sydney rose to $275.44 this year, well above national average of $202.62.

Forty-four Sydney suburbs made the top 50 list of the most expensive suburbs to rent a room in, with a non-Sydney suburb not appearing until number 35 on the list.

Flatmates.com.au general manager Thomas Clement said Sydney’s dominance of the list wasn’t overly surprising.

“Given the fact that Sydney’s property market is currently well above the rest of the nation, it was not surprising to see it dominate the list,” Clement said.

“It was surprising, however, to see traditionally expensive city centres so far down the list, with Sydney, Brisbane and Melbourne CBDs offering lower rents than many suburban areas.”

Pyrmont took the top spot on the list with a weekly average room rent of $351.73, with Zetland ($346.36) and Potts Point ($342.70) taking out second and third place.  

Manly, Darlinghurst, St Leonards, North Bondi, Camperdown, Bondi Beach and Haymarket rounded out the top 10 in that order, all with a weekly average room rent over $320.

Conversley Sydney’s most affordable suburb was Penrith with the average weekly room rent of $186.62, followed by Liverpool and Croydon at $192.91 and $196.95, respectively.

With a weekly room rent of $286.22 Melbourne’s Southbank is the is the first non-Sydney suburb on the list at number 35 and is joined by other Melbourne suburbs Docklands (40) and Fitzroy (50) as well as
Brisbane’s Dutton Park (41) and Brisbane City (49) and Perth’s Northbridge (48).
 

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