Residential rents across Sydney have remained stable despite rising property prices, NSW government figures show.
NSW Housing Minister David Borger said the average rent in Sydney in the March quarter was $400 a week, just $10 more than in the same period a year ago.
"Rents remained relatively stable throughout 2009, and the latest data shows the stability continuing into the first quarter of 2010," Mr Borger said, referring to the latest Rent and Sales report from Housing NSW.
The cheapest one-bedroom homes in Sydney’s "outer ring" were in Wyong and Gosford on the central coast, costing just $170 a week.
The most expensive one-bedroom home was in the Sydney local government area, with an average weekly rent of $450.
Meanwhile, a four-bedroom home in Wyong cost just $373 a week, compared with $1800 in the eastern Sydney council area of Woollahra.
