Rental prices for houses in Sydney have risen to a record high of $520 a week.
Property figures show there was a 4 per cent jump in the asking rent for Sydney homes in the three months to September, while unit rent remained the steady.
Dr Andrew Wilson, a Senior Economist at Australian Property Monitors, says the growth in prices is expected to continue.
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"It's a long-term trend, and it does reflect that shortage of housing in Sydney and the tight rental market and strong competition for houses," he said.
"We need higher levels of new supply coming through and the considerable constraints to new construction in Sydney market so I think we're set to continue with this upward pressure on rentals in the Sydney market."
He says it is reaching the city's highest ever level and it is the second highest in the nation behind Darwin.
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