Why Renting in Sydney Feels Harder Than Buying
If you’ve tried to rent a property in Sydney recently, you’ll know how tough it is. While much of the focus in real estate is on soaring property prices and affordability challenges, the rental market presents its own set of obstacles. From limited availability to a grueling application process, securing a rental can feel like an uphill battle - sometimes even harder than buying a home.
Image: SpaceJoy
1. The 15-Minute Inspection Window
Unlike other cities where open homes can last for hours, Sydney rental inspections are often over in 15 minutes. If you’re stuck in traffic or can’t find a parking spot, you miss it. And if two properties you’re interested in have inspections at the same time? You’ll have to pick one and hope for the best.
2. Immediate Move-Ins Only
In many international markets, rental properties are listed months in advance, giving tenants time to plan. In Sydney, most rentals are available immediately, meaning you often have to secure a new lease, end your current one, and move - all within days. This creates a stressful, high-pressure situation for tenants who don’t want to be left without a home.
3. The Application Marathon
Applying for a rental in Sydney can feel more complicated than taking out a mortgage. There are multiple application platforms, each requiring extensive documentation, personal information, and references. You could spend hours filling out applications only to never hear back from the agent. And with fierce competition, many applicants are offering higher rent just to get a foot in the door.
4. The Uncertainty of Approval
Even after going through the application process, there’s no guarantee of securing a lease. Landlords often receive dozens of applications for a single property, and tenants are left waiting in limbo with little communication.
Image: Gustavo Zambelli
Is There a Solution?
While Sydney’s rental market is undoubtedly competitive, there are ways to navigate it more effectively. Being prepared with all required documents, having strong references, and acting quickly on listings can help. However, for many, the struggle highlights a bigger issue: Sydney’s housing shortage and the growing need for better rental policies.
If you're tired of the rental rat race and considering buying instead, we can help. Reach out to The Acquiry to explore your options and take control of your property journey.
“If you’re tired of the rental rat race and considering buying instead, we can help. Reach out to The Acquiry to explore your options and take control of your property journey.”