Coastal idyll where weekly rent nudges $1000

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You’d be wrong to assume renting a house in central Sydney is more expensive than regional NSW. Here’s where you’d pay $950 a week on average.

The latest CoreLogic property values data shows since Covid-19 erupted in March 2020, housing prices across regional Australia surged even higher than the combined capitals, with country NSW the strongest market, up 29.8 per cent.

Real Estate Institute of NSW data this week showed the residential rental vacancy rate for the inner Sydney area, which includes Newtown, is now 3.7 per cent. But REINSW chief executive Tim McKibbin said the impact of the Omicron variant was being felt everywhere.

 

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