Yahoo Finance ‘S**t rentals’: Hilarious TikToker mocks Sydney’s absurd rental properties
A TikTok account has gone viral for making fun of some of the more absurd properties available to rent in Sydney.
The account, Sh*t rentals of Sydney, only features four videos so far but has already amassed a large following of 32,000 and hundreds of thousands of views on each video.
The account showcases some questionable rental options and shows their extremely high rental prices.
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One property, which had carpet in the kitchen, was described as “looking like someone had been murdered all over it” and on the market for $600 per week.
In another, which was going for a much more reasonable $300 per week, the creator pointed out the listing was not being entirely honest in the description.
“He talks about this one being situated on a quiet street offering a peaceful and economically valuable location,” the user said.
“Okay, that is the Hume Highway in Greenacre. Doesn't quite scream peaceful, mate.”
The bathroom also raised eyebrows with a wall having been installed that covered half the window making it impossible to open.
“These people have never cleaned the grout in this bathroom in their entire lives,” the creator said.
Australia’s property price boom
Property prices have been soaring in Australia, particularly New South Wales, with many wondering when they will drop.
Australia’s rental prices have grown at an annual rate of 6.6 per cent, the highest since January 2009, at a time when home prices are soaring and the nation struggles with pandemic-induced lockdowns.
CoreLogic’s Rental Review for the June 2021 quarter showed regional rents continued to outpace capital city rents, rising by 2.7 per cent, compared to a 1.9 per cent rise in capital cities.
CoreLogic’s Head of Research Australia, Eliza Owen, said Australia has not seen rental value increases this high in over a decade.
“Following subdued rental performance through much of the 2010s, the Australian rental market has seen an increase in values due to many of the same factors that have led to the current housing price upswing,” she said.
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