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%.
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’s Top Rental Suburbs
Looking at the most leased properties in Perth, the top rental suburbs are Nedlands, East Perth, Scarborough and Perth.
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