Kent Rental Allowance & Key Rental Market Information for Sydney, November 2016
8th December, 2016
The Kent rental allowance information for Sydney’s housing market (as of November 2016) is now available for download.
Our rental market information is an up-to-date, comprehensive set of figures that can be used by human resources professionals as a valuable tool when making decisions on employee rent allowance rates. If human resources departments are able to make informed choices when it comes to housing for employees, this creates better outcomes for both employees and businesses alike.
The November 2016 rental property data for inner city Sydney shows that there is a 1.5% vacancy rate for Sydney rental properties and the predominant age group is 25-34 years, with parkland covering 20% of the area.
The median rent for an inner city property in Sydney is:
- 1 bedroom: $620 per week
- 2 bedrooms: $890 per week
- 3 bedrooms: $1,265 per week
- 4 bedrooms: $1,600 per week
Our full Rental Allowance Matrix also includes information related to other key suburbs and areas around inner city Sydney, including Balmain, Surrey Hills, the Upper and Lower North Shore, as well as Eastern Suburbs such as Bondi Beach.
We have put considerable time into gathering this house rent allowance information, with all of our sources checked and cross-checked for accuracy. The reputable sources we have turned to include:
- Respected and reputable institutes and organisations
- Releases and polls from established media outlets
- Our own examination of rental markets built on our 70 years of experience in dealing with relocations
With our expert rental property management team on hand, Kent is able to provide an in-depth understanding of Australia’s property market. Not only will our rental market matrix save you time, it can also assist you in making a more informed decision when it comes to housing budgets and rent allowances for employees.
