Blog | Benchmark

 

Total properties listed for rent over the past week only dropped slightly but the comparable figures from last year are dramatic.

We can likely expect demand to remain soft, at least in the short term, but this makes for an opportunistic time to acquire more affordable investments

The vacancy rate has crept up yet again to 5.6% and the median rent is down to $410. Whilst Benchmark's vacancy still sits much lower than the Perth average (21 days vs  29 days), we are more conscious than ever that we must do our best to avoid higher vacancy, especially as we approach the December - mid January lull.