Grim ‘cabin house’ up for grabs for $360 a week in latest rental crisis madness – as real estate agent sells the odd home as a perfect option ‘if your teen is asking for a private room’
- One bed, one bath for rent in Sydney’s south
- Astonishing $360pw for dingy granny flat
- Mascot cabin listing is ‘good for its price’
A dingy granny flat in Sydney available for a whopping $360 a week has been described by the agency trying to get a tenant in the property as the perfect spot for a teenager ‘asking for a private room’.
The one-bed, one-bath listing is located in Mascot, in Sydney’s south-east, and is barely bigger than a backyard shed.
The listing, which will be available for viewings on Saturday in the hopes someone will sign the lease, describes it as the perfect space for ‘creatives’.
‘Will suit creatives of all walks, particularly those seeking a studio/music room, art room space or a private office to work or run their business from home’, the listing reads.
‘If your teenager has been asking for a private room, you should definitely arrange an inspection.’
The ‘lovely’ cabin house in Sydney’s south (pictured) is actually a granny flat in someone’s backyard
The listing advertises a one-bathroom (pictured), one-bedroom ‘apartment’ for a whopping $360 per week
The ‘lovely cabin in a great location’ has been categorised as an apartment, even though the listed address doesn’t actually exist.
In fact, the cabin is in the backyard of a one-storey home, which last sold for $1.6million in July, 2021.
In June, 2022, the entire three-bedroom, two-bathroom property was up for lease for $740 a week – just over double the amount only the granny flat is currently priced at.
A Tig Tag Real Estate spokesperson clarified to Daily Mail Australia the listing is just for the ‘granny flat in the back garden’.
When Daily Mail Australia asked why it was listed as an apartment, the spokesperson said it must’ve been ‘put it in the wrong category’.
‘The property is good for its price,’ the spokesperson said.
This bizarre listing is the latest development in Sydney’s spiraling rental market.
The cabin has been described as the perfect spot for ‘if your teenager has been asking for a private room’ (pictured, the cabin’s kitchen)
Rents have soared 6.7 per cent to a median of $495 per week across Australia in 2022, but the issue is much worse in major cities.
In Melbourne and Sydney, higher post-Covid demand for fewer properties saw unit rents up by 9.3 per cent, while houses went up 8.3 per cent.
The annual Rental Affordability Index released in October revealed the low-income renters such as single parents, pensioners, and job seekers are most vulnerable and require more active and immediate support.
A spokesperson for Tig Tag Real Estate told Daily Mail Australia the property ‘is good for its price’ (pictured, the available granny flat in the original property’s backyard)
Anthony Albanese’s government is under increasing pressure to act on the nationwide housing shortage.
Housing experts say official records show no comparable shortage of available tenancies since the Great Depression in the 1930s.
The outlook for next year appears to be even more dire, recent data shows, with double-digit rental price rises now predicted for 2023 and investor landlords set to rake it in while tenants deal with sky-high bills.
This comes as recent Domain research reveals the national rental vacancy rate is at a record low 0.9 per cent.
A major part of the problem is more people are being forced to rent rather than buy due to the exorbitant cost of houses in major cities.
Emma Greenhalgh, the CEO of housing charity Shelter, said in January Australia was in a national emergency by ‘every available measure’.
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