Sydney rental stock at record low lolita, 10/08/2025 Sydney’s rent crisis has moved up another gear after further erosion in the city’s supply of available rental housing. New data from PropTrack released Tuesday revealed the total number of properties listed for rent plummeted by about 22 per cent over the last year to hit a new low. This occurred while high population growth continued to drive stronger demand, creating tough conditions for renters. The limited supply means already cash strapped Sydney tenants now have to fork out an average of 16.7 per cent more for rent compared to a year ago. Median rent for all city residences was $700 a week. Long lines at a rental inspection in Surry Hills over the weekend. Picture: Sam Ruttyn MORE: The Sydney suburbs foreign buyers are targeted PropTrack also noted a dramatic drop in the supply of fresh listings. New rental listings on realestate.com.au in December were 4.6 per cent lower than a year ago, and 14.5 per cent lower than the 10-year average for the month. PropTrack director of economic research Cameron Kusher said the rental market was characterized by low supply and strong demand. “During the pandemic average household sizes reduced quite a lot as rental prices fell,” he … Continue Reading