Rents in Sydney rents forcasted to rise by 40% in 2 years

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phoenix_n

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Property crisis in Sydney

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SYDNEY is in the grip of a property crisis with the supply of new houses falling to levels not seen since 1975, which is expected to push up rents

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with research forecasting rents to rise by as much as 40 per cent within two years
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Also good reading
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I know there are a couple of posters here in Oz. What is your take on the current rental market in Sydney.

Could the same happen here ?
 
The example they gave of a "ridiculously expensive" rent was about 1200 euro a month for a two bed apartment just 15 minutes walk from sunny Bondi Beach.

Ridiculously expensive?? Hey! from a Dublin perspective, what an excellent deal !
 
"Bondi beach club is situated on Blakes corner, Stillorgan, Dublin 12"

Just not quite the same though :D

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