Property News Wrap Up, October 2018

 

Read more for your Perth Market Snapshot for October 2018.

 

Perth Property Market Update October 2018

 

Perth Rental Market


Below are the most recent REIWA stats for the week ending 28 October 2018.


Median rent has remained consistent on last month at $350 per week, with the vacancy rate decreasing to from 4.8% to 3.9%

 

 

Perth Rental Market Snapshot as at Oct 29

 

Sales & Rental Trends


Sales activity in Perth increased 3%, with REIWA reporting 496 transactions. The increase can likely be attributed to the 32% rise in unit sales and an increase in vacant land sales according to REIWA.


Vacancy rates are on the decline and rental listings are 25% lower than levels seen a year ago. Take a look at REIWA’s breakdown below:

Perth Property Market Snapshot as at Oct 29


Perth’s Top Rental Suburbs


Looking at the most leased properties in Perth, the top rental suburbs are Nedlands, East Perth, Scarborough and Perth.


If you have an investment property and are interested in an obligation-free chat with one of our experienced specialist Property Managers, contact us today.

 

 

 

 

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