What are the monthly costs I should consider when renting in Sydney?

When renting in Sydney, consider monthly costs such as rent, utilities (electricity, water, gas), internet (around $60-$ 120 AUD), and renters' insurance. Additional expenses might include parking fees and apartment maintenance fees if applicable. Costs vary by location and property type, with average rent in Sydney around $ 2,600 AUD for apartments. Always check specific property details for exact fees.

What are typical upfront fees and costs when renting in Sydney?

Typical upfront costs when renting in Sydney include the first month's rent, a bond (usually equivalent to 4 weeks' rent), and application fees (around $ 50 AUD). You might also incur moving and utility connection costs. For example, securing a $ 500 AUD/week apartment could require approximately $ 3,050 AUD initially. Exact amounts vary by property, so verify specifics for each listing.

What is the typical lease agreement duration in city of Sydney?

In the city of Sydney, the typical lease agreement duration for residential properties ranges from 6 to 12 months. However, 12-month leases are more common, providing stability for both tenants and landlords. For more specific details or variations in lease length, it's advisable to consult directly with real estate agencies or landlords.

Do I need to pay a security deposit when renting in city of Sydney?

Yes, when renting in Sydney, you typically need to pay a security deposit, also known as a bond. This is usually equivalent to 4 weeks' rent. The bond is lodged with the NSW Fair Trading and is used to cover any damages or unpaid rent. For more details, you can visit http://www.fairtrading.nsw.gov.au.

How does the rental market in Sydney compare to other regions in Australia?

The rental market in Sydney is among the most expensive in Australia, with median rent for houses at about $ 600 AUD per week, compared to Melbourne’s $ 430 AUD and Brisbane's approximately $ 500 AUD. Sydney's high demand and low vacancy rates often result in competitive renting scenarios, contrasting with slightly less competitive markets in other cities.

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Apartment For Lease - 5/222 New South Head Road, Edgecliff

2027, Sydney, New South Wales

2 bedrooms
1 bathroom
Apartment

Well presented apartment at the rear of a tightly held security block. With an abundance of character, the ideal open plan layout offers living spaces that flow to an oversized balcony with harbor outlook. 2 bedrooms, master with built in wardrobe Abundance of natural light, Comprising of polishes timber...

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Apartment For Lease - 5/222 New South Head Road, Edgecliff

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Brand New Luxury Apartment in the heart of Bondi Junction

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