Eyewatering price demanded for this dilapidated rental property perfectly sums up the grim state of Australia's housing crisis: 'It's a disgrace!'
The two-bedroom apartment in Burwood, about 10km from Sydney's CBD, was listed at an eyewatering $550 per week, despite its rundown state.
The property has just one bathroom, no parking, and according to photos previously published on Realestate.com.au, a kitchen with exposed pipes, peeling walls and missing drawers.
Although the listing has since been removed from that site, it remains live on Raine & Horne's website, where only an exterior shot of the home is shown.
The listing previously claimed the property features a 'good condition kitchen & bathroom.'
The misleading description has drawn criticism from renters and housing advocates amid the ongoing cost of living crisis.
'It's completely outrageous that young people are being forced to pay $550 a week for properties that are literally falling apart,' Angus Fisher, the President of the University of Sydney's Student Representative Council, told Daily Mail Australia.
'It's a disgrace!
'Students and young renters are being priced out, pushed into dangerous conditions, and treated like the leftovers in the rental market.'
Mr Fisher added that renters deserve better than being offered substandard homes.
'We're seeing the consequences of a broken system where the profit making of real estate firms can occur without any human dignity,' he said.
'The government needs to step in with real rent controls, stronger tenancy protections, and a commitment to building safe affordable housing. Right now, renters are being served a derelict deal.'
The rental was previous listed for $495 per week in 2024, rising by around 11 per cent in a single year. In 2020, laws were introduced in New South Wales to make it clear that rental properties had to meet specific minimum standards to be considered fit to live in.
These included being structurally sound, having adequate lighting and ventilation, proper plumbing and drainage, and access to electricity or gas with a sufficient number of sockets.
Properties were also required to have hot and cold running water and private bathroom facilities.
Breaching these requirements could result in fines of up to $11,000 for individuals and $71,500 for agencies.
Further reforms were rolled out from 31 October 2024 and 19 May 2025, including limiting rent increases to once per year across all leases, including those signed before the reforms.
Tenants could no longer be charged for application costs such as background checks or lease preparation.
Landlords were required to provide a valid reason to end a tenancy, even at the conclusion of a fixed term, and, in some cases, had to supply supporting documentation.
New restrictions on re-letting and extended notice periods were introduced, giving tenants more time to secure alternative housing.
Pet laws were also updated, landlords could only refuse a pet for limited reasons and were required to respond to pet requests within 21 days, or approval would be granted automatically.
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