A small garage in Sydney, barely big enough for a double bed, a small fridge and a sofa, rents for $250 a week.
Two photos of the garage in Dulwich Hill, located in the west of the city, were shared online on Friday, along with a brief description of the rental price.
‘I’m looking for someone who wants to rent out the garage for €250 per week. Four weeks deposit plus bills. Available to move in as soon as possible,” the post said.
‘You have to have a job and be able to pay the rent weekly or fortnightly.
‘This green, quiet location is located on the main road, close to the bus/tram, bank, pharmacy, shops and post office.’
A garage (above) is available to rent in Sydney’s Dulwich Hill for $250 per week, highlighting Sydney’s rental crisis
The photos of the garage show that the door is not completely closed and is full of old furniture and CDs.
Two other people also live in the house, a woman in her seventies and a man in his fifties, both of whom work in construction.
The shocking post comes as thousands of ordinary Aussies continue to struggle to find affordable housing during the rental crisis.
In the year to May, the cost of renting houses and units rose by at least 10 per cent in 1,700 markets across Australia, CoreLogic analyzed.
However, vacancy rates of just 1.3 per cent in Sydney’s popular suburbs saw prices rise by more than 30 per cent.
In September, Sydney officially became the sixth most expensive city in the world to live, ahead of New York, London, Paris and Los Angeles.
Two photos of the small garage (above) were posted online and the property was described as a ‘green, peaceful location situated off the main road’
The Committee of Sydney think tank claimed in its report that the city had lost $10 billion a year in lost talent, productivity and innovation due to a lack of affordable housing due to the rental crisis.
It also found the average cost of a home in Sydney was more than 13 times the average salary.
To resolve the crisis, it recommended the city take three key steps: introducing an inclusive zoning target, building more social and affordable housing and increasing the supply of ‘high-quality’ housing that has access to transport, open spaces, schools, childcare and shops.