The price of this rental property will shock you too

The real estate market in Sydney pricing is quite alarming. The city constantly appears on lists of the most expensive places to live and this property just proves it yet again. Settled in the backyard of an individual’s house in Bundeena rests a little flat that could be yours for the low, low price of $375 (AED1,377) per week.

Located right on the waterfront, as per Ray White, boasts a modern bathroom, a kitchen, and the price is inclusive of electricity and water.

Take one look at the property photos, and you like many on social media will wonder what the rental price is actually are going towards.

You get the joy of looking into your landlord’s home and vice versa, and you’d have to be comfortable with a combined living and sleeping space.

After being posted on Reddit, one person wrote: “Legit thought it was a kid’s cubby house.”

Another added, “I’ve seen people build granny flats in their backyards that look way more like a home than this. It’s like they didn’t even try.”

A third said, “The property market is disgusting and you see every week, like every week the property investors selling and buying like crazy making the houses and apartments more and more expensive.”

A different user pointed out how Bundeena is a pretty exclusive area that backs onto the Royal National Park.

As of 2016, there were fewer than 2,000 people living there and there are very few rental properties on offer in the area, which probably explains why the market is so expensive there.

Source: Agencies