Sydney tenants are finally seeing some relief as advertised rents decline in key suburbs. Areas like Ryde and the Northern Beaches have experienced rent drops, with weekly costs easing by around $20. This shift signals a broader cooling in Sydney’s rental market, which has been under extreme pressure for years. The changes reflect reduced tenant demand, as more renters opt for shared living to save money. While rental prices remain elevated, this slower growth suggests the market may be moving toward a more stable period, offering hope to renters across the city.

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Capital city rents drop in shock housing shift | news.com.au — Australia’s leading news site