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Decrypt Sydney Group Rental: $1000 per bed per month

Sydney Group Rental Room A $230 per bed week (Photo No. 7, Australia)

Sydney's house prices are out of control, and rents are also rising. Many residents simply cannot afford to rent a single apartment or even a single room. As a result, groups of rental houses in the legal grey zone continue to emerge throughout Sydney.

Earlier, Australian channel 7 reporter specially launched an investigation into the phenomenon of group rental housing in Sydney.

According to reporters photographed, a Sydney apartment in a room with a number of beds. Each bed in the room rents A $230 per week, and the tenants will have to pay for electricity and electricity. With a monthly rent of less than A $1000, tenants have to pay the price of sleeping with strangers every night.

Real estate agency Joson Legge said in an interview that rents in Sydney were on the rise, rising 5 percent in the first quarter alone. The property company, which is in charge of the group rental operation, insists the company's business is in compliance with the law, saying it is currently operating more than 70 such apartments.

Later, Australian channel 7 reporter also conducted a visit to the new state financial services and real estate director (Finance, Service and Property Minister) Victor Domminello. Domminello director said goverment is taking positive measures to crack down on group rental housing, the new state group rental landlords have little time left.

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