Rent Crisis
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When it comes to finding a place to rent in Sydney, one thing is for sure - it's going to cost you. With prices on the rise year after year, the Sydney rental market is one of the most expensive in the world. So, why is rent in Sydney so expensive?
High Demand, Low Supply
One of the main reasons for the high cost of rent in Sydney is the imbalance between supply and demand. With a growing population and limited space, there simply aren't enough rental properties to go around. This drives up prices as landlords can afford to charge more for their properties.