By many accounts, Sydney is a great city for studying. Finding affordable housing, however, can be a daunting task. Students looking to save on living expenses should consider renting property in Carlton.
In the QS Best Student Cities index, Sydney is the fourth-best city worldwide. QS attributes Sydney's high ranking to a number of factors: The quality of life, number of high-ranking universities and employment potential in Sydney all help boost the city to its high-ranked position. But there is one area where Sydney receives a low score – affordability.
While rental rates in Sydney have been on the rise, students can manage the high cost of living by considering renting property in St. George.
While many students want to live close to campus, they can save a significant amount of money by commuting from the suburbs. According to the NSW government's 2015 Rent and Sales report, the median cost of a one-bedroom apartment in Sydney's inner ring is $495 per week. Similar real estate in Carlton, however, has a median cost of $423 per week. Students can save even more with property in St. George suburbs, such as Kogarah and Hurstville, where weekly rent prices are under $400.
Though Carlton is not in Sydney's inner ring, it is highly accessible by public transit. The Eastern Suburbs and Illawarra Line has a number of stops in St. George suburbs, including Carlton, Kogarah, Allawah, and Hurstville. Trains can get from Carlton to the University of Sydney or the University of Technology Sydney in around 40 minutes. With these great options for public transportation, students can have all the benefits of living and studying in a vibrant city without shelling out a fortune in rent.
If you're studying in Sydney this semester, contact an associate at Ray White Carlton to discuss your options for renting property in St. George.