Perth's rental market remains one of the strongest in the country, with median weekly rents now sitting at $750, up from $747 previously and $700 a year ago.
While the latest increase of 0.4% may seem modest, rents are still 7.1% higher than this time last year, highlighting the ongoing pressure facing tenants across the city.
With demand continuing to outstrip supply, Perth remains a challenging market for renters and a strong one for property investors.
Key Numbers:
- Median rent: $750 per week
- Previous median rent: $747 per week
- Same time last year: $700 per week
- Quarterly growth: 0.4%
- Annual growth: 7.1%
I cannot say that the Government was way off in its predictions about rents increasing by $2 per week - it's a joke. I have some compassion for the tenants trying to get into the rental market today as the rents have skyrocketed.
Just bearing in mind that landlords also have had to bear a lot of costs - everything has gone up for them as well its such a vicious cycle.
MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!
SELLING MOSMAN PARK & THE WESTERN SUBURBS!!
KEEPING IT REAL IS OUR MOTTO!!
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