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Sydney’s 10 most expensive suburbs to rent

In Renting
May 06, 2024

 

Rents have reached record prices around Australia, with CoreLogic’s latest data showing the median rose to $627 per week in April 2024.

Perhaps unsurprisingly – to residents at least – Sydney rents were at the head of the pack, averaging $770 a week.

And of course, many suburbs were hundreds of dollars above that.

Here are the 10 most expensive areas to rent in Australia’s most expensive city. ( Adam Vildler )

1. Pittwater

And finally, in Pittwater, Sydney’s most expensive rentals average $1335 a week, a yearly increase of 8.4 per cent.

2. Manly

In Manly, rentals averaged $1240 a week, up 3.6 per cent.

3. Ku-ring-gai

Rents increased 10.2 per cent in Ku-ring-gai, to average $1201 a week in April.

4. Warringah

Warringah rents lifted 10.4 per cent to $1103 a week.

5. Leichardt

Leichhardt rents average $1058 a week, up eight per cent on a year ago.

6. Eastern Surbubs – south

In the southern part of Sydney’s Eastern Suburbs, rents are at an average of $1027 a week, up 8.8 per cent.

7. Marrickville-Sydenham-Petersham

Rental values in this inner west area rose 8.4 per cent to $1005 a week.

That’s right – we’re not even in the top five and have already cracked four figures.

8. Botany

In Botany, rents climbed 8.3 per cent to $980 a week.

9. Sydney inner-city

Sydney’s inner-city saw the median rent increase 7.7 per cent to $967 a week.

10. Chatswood-Lane Cove

Chatswood-Lane Cove rents rose to a median of $959, up 4.7 per cent in the past year.