Sydney house rents at record high, unit rents stabilising after COVID price declines

Sydney tenants are facing record-high house rents and unit price falls have come to an end, with rents already back on the rise in some pockets of the city, new data shows.

House rents in Sydney remained at a record high of $550 per week over the March quarter, according to the latest Domain Rent Report, released on Thursday. Weekly unit rents also held steady at $470, after three consecutive quarters of falling prices that pushed rents back to 2013 levels.

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