Property News Wrap Up, February 2019

Read more for your Perth Market Snapshot for February 2019.

 

Perth Rental Market

Below are the most recent REIWA stats for the week ending 24 February 2019.

We are seeing more rental activity in West Perth and Scarborough compared to the end of last month with Perth and East Perth rising to the top rented suburbs. REIWA has reported 6589 properties for rent in Perth which is 4% lower than what was recorded 4 weeks ago and 26% lower than a year ago.

As at 24 February 2019 median rent is $350 per week, with the vacancy rate falling to 2.6%. 

 

 

Sales & Rental Trends

Sales activity increased by 11% in Perth this week, with REIWA reporting a total of 634 transactions recorded over the last week.

The vacancy rate has strengthened now averaging at 2.6% which is 4.7% lower than what we saw in July 2017.

Take a look at REIWA’s breakdown below:

 

 

 

Perth’s Top Rental Suburbs

Looking at a snapshot of Perth’s rental market, the top rental suburbs are East Perth, West Perth, Perth and Scarborough. The following suburbs currently have the most available rental properties; East Perth, Perth, South Perth and Scarborough.

 

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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