A huge line of people took up an entire Bondi street to inspect a single unit over the weekend, as noted in this article published by News - http://news.com.au/finance/real-estate/renting/the-sydney-rental-market-has-officially-entered-hunger-games-territory-line-for-800-bondi-apartment-exposes-rental-crisis/news-story/7758b7bccb00074c871f3ed8e1b087a1.
While there have been reports stating that the Australia-wide rental crisis made be easing, stories like this demonstrates just how much demand the market has for rental properties. Listed at $800 per week, this type of demand is likely to push the weekly rent for the lucky landlord far higher than anticipated.
It seems renters are fed up with the rental market, with many Aussies 'disgusted' by the insane demand for rental properties.