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Simple apartment in Sydney: skyrocketing beds

 
[Economic News]     07 Sep 2017
Sydney simple apartment shows the sky-high price bed! It costs $200 to sleep in a broken mattress for a week! And share a house with others! Is this price driving people crazy? How much is Sydney`s living expenses?

Sydney simple apartment shows the sky-high price bed! It costs $200 to sleep in a broken mattress for a week! And share a house with others! Is this price driving people crazy? How much is Sydney`s living expenses?

After reading today`s news, you may have a new acquaintance.

According to the latest Daily Mail report, a humble apartment in Sydney has been revealed to cost $200 a week to sleep on mattresses! And be in the same room with the other two!



According to a rental information provided by Bondi Facebook, the Daily Mail reported.

Two small mattresses are placed on top of one locker and the other on the floor. Such a room is not a room at all, rent for a mattress 200 Australian dollars a week! The rent information got a lot of criticism online because everyone thought the price was overpriced.

Some netizens question whether the apartment is legal.

The landlord said to this, "everything is because of the location."

The apartment is reported to be just two blocks from centrelink and a short walk to Westfield Bondi Junction or the train station.

But still a lot of netizens complain "even free stay I am not interested".

All this is due to the fact that Sydney`s house price / rent has reached an unacceptable level.

Sydney`s affordability for rent has fallen to an all-time low, according to Domain. 30% of Sydney people are under pressure to rent because they need to rent 29% of their income.

If you do not feel much about this number, the following set of data will not "disappoint" you.

According to the RAI`s data analysis, the middle-class family in Sydney, with an annual income of $14,000, is close to the rent-free house.

Single parents earning 70, 000 Australian dollars a year cannot afford to rent a house within 40 kilometers of Sydney`s CBD.


(picture of areas where the middle class of Sydney can`t afford rent in 2016 and 2011)

And 70,000 Australian dollars, is how many people are satisfied with the income figure.

"people could have moved to cheaper areas before," said Langston, director of community banking services and industry relations at goverment, a non-profit financial advisory group, "but now there`s nowhere else to go across the new state."

Because wherever you go, it`s so expensive. So if you have a friend in Sydney, please be kind to him. Because you don`t know how much financial pressure he`s under, what kind of life he`s living.

I also wish all the students who are still working hard in Sydney, can usher in their first day as soon as possible.

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