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The New Daily
The New Daily
National
Phoebe Loomes

Average Sydney rental now costing record $711 a week

Sydney Australia
The cost of renting a home in Sydney has jumped 13.1 per cent over the past year. Photo: AAP

The average Sydney renter is now paying $711 a week to keep a roof over their head with the price expected to spiral further as landlords pass on the latest interest rate increase.

The cost of renting a home in Sydney jumped 13.1 per cent over the past year, with landlords putting up rentals 1.3 per cent in April, data released by Core Logic on Wednesday shows.

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