Read more for your Perth Market Snapshot for September 2018.

Perth Rental Market

Below are the most recent REIWA stats for the week ending 30 September 2018.

Median rent has stayed steady at $350 per week, and vacancy rate has increased from 4.5% to 4.8%.

Decrease in Demand & Sales

Over the last decade the demand for housing has decreased, as well as sales volumes. This can be attributed to slow population growth in Western Australia, which is at a mere 0.8 per cent, as seen in recent data released by the Australian Bureau of Statistics.

Perth’s Top Rental Suburbs

Looking at the most leased properties in Perth, the top rental suburbs are Perth (which also has the most available rentals), Scarborough and East 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.