Sydney’s Rental Market in June 2025: What Renters Need to Know

Understanding the Current Rental Market in Sydney

With Sydney vacancy rates at just 1.5%, competition for rentals is at its highest in years. Properties are being snapped up quickly and renters are feeling the pressure. If you are searching for a home right now, you are not imagining it. The market really is this tough.

In many suburbs, rents continue to rise and agents are receiving dozens of applications per property. For first-time renters, students, or anyone without local documentation, getting approved in the current rental market in Sydney can feel nearly impossible.

But by understanding the current conditions and approaching the process with the right support, it is still possible to secure a place without unnecessary stress.

Rents Are Still Rising

Although rent increases have started to slow nationally, Sydney remains one of the most expensive cities in Australia to rent. Weekly rents are still rising in many areas, and with supply so limited, agents are often expecting tenants to offer more just to be considered.

Unfortunately, this puts extra pressure on newcomers and renters without a complete application. We have heard of situations where tenants were asked to offer above the asking price simply because they lacked payslips or rental history.

In this kind of environment, having everything ready. Your documents, references, and ID is essential. Without them, it becomes much harder to compete. If you’re unsure what’s required, you can check out our guide on common mistakes first-time renters make in Australia and how to avoid them.

Agents Are Getting Stricter

Agents are receiving large volumes of applications and many are applying strict criteria when choosing tenants. A strong application is not just helpful anymore, it is necessary. Missing documents or incomplete information can mean automatic rejection.

We have helped renters who were previously rejected simply because they did not know what agents expect. Having the right documentation, presented properly, makes a real difference. You can also learn more about how long rental approvals typically take and how to prepare to avoid delays.

More Applicants, Fewer Properties

The reality right now is that there are simply more renters than available homes. It is not uncommon for 20 or more people to apply for a single property. Even strong applications are being declined, not because they are lacking, but because there is just not enough supply.

To make things harder, properties are leasing faster than ever. In some suburbs, homes are being taken within 24 to 48 hours of being listed. This means every part of your application needs to be ready to go the moment you find something suitable.

If you’re still deciding whether to rent something fully set up or start from scratch, we’ve written a helpful comparison on furnished vs unfurnished rentals to help you choose what’s best.

Getting Help Can Save You Time and Stress

Renting in Sydney right now is challenging. Between tight supply, rising prices, and increasingly strict agents, it is easy to feel stuck, especially if you are new to the process.

That is where support can make all the difference.

At Find My Home, we help renters prepare complete applications, match with properties that suit their needs, and communicate directly with agents. This is especially useful if you do not have payslips, rental history, or know what is expected in the local market.

If you are unsure where to start or which suburb is right for you, you might also find our article on How to Choose the Right Suburb helpful.

Final Thoughts

Sydney’s rental market is highly competitive and can feel unfair, especially for those without a local background. But that does not mean it is impossible. With the right preparation, timing, and support, it is still very possible to secure a home that works for you.

You do not have to figure it out alone. The more you understand the process and the better your application is prepared, the more confident you will feel every step of the way.

Let us help you make your next application the one that gets approved. Contact us now on WhatsApp!