Housing NSW reports that average rents for three bedroom houses in Sydney's outer suburbs rose by an average of 9.4% last year. Rents in inner Sydney suburbs rose by less than 2.3%. Inflation generally for the year has been recorded as 2.1%.
Housing NSW's figures are calculated based on rental bonds lodged, which of course takes no account of home improvements or new houses coming on stream.
Property developers claimed these rises showed the need to release more land for residential housing.
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