PHOTO: Property investor Douglas Lei bought his first apartment in Western Sydney and isn’t worried about rent dipping in the region. Photo: Peter Rae
Sydney’s ongoing housing affordability issue has pushed up asking rents on the outskirts of Sydney as tenants look to get more bang for their buck, swapping inner-city apartments for houses in suburbia.
While the cost of renting a house in some parts of Sydney hasn’t changed at all in the past year, rentals in far flung areas like the Blue Mountains, Central Coast as well as Sydney’s west saw some of the biggest jumps in price across Greater Sydney in the three months to March.
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