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Rental arrears surge in NSW as landlords hike rent at triple the rate - realestate.com.au

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The number of tenants falling behind on their rent has surged by almost 50 per cent, new data shows.

PropTrack data shows demand soared across Sydney in the 12 months to June, with the number of potential renters per listing 96 per cent higher in some suburbs.The increase in demand coupled with a decrease in available housing meant rents were likely to keep climbing after having already increased 6 per cent across the board.

“The data looked at notices issued for over 300,000 rental properties for the first six months of this year in NSW and it was a surprise to us at the speed of the change,” Mr Colagiuri said.

 

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