RESIDENTIAL PROPERTY
THE heavily undersupplied Perth rental market saw vacancy rates ease marginally in July, to sit a still-extremely-tight 0.6%...
REIWA data shows that Perth has seen a sustained period of extremely low vacancy rates, with the vacancy rate sitting consistently below 1% since August of 2022. It dropped to...
This month’s figure is a move in the right direction, but it is still very low and vacancies are still filling quickly, particularly for properties in the more affordable price brackets...
REIWA considers a balanced market to have a vacancy rate between 2.5% and 3.5%. The last time it was 2.5% was nearly five years ago – in September of 2019...
New data from CoreLogic shows Perth rents lifted by 0.3% in Perth in July, as the national growth rate slowed further from the widespread surge seen in recent years...
White said the Perth market had been experiencing unique and challenging conditions for several years, but there were signs of improvement...
Demand has been self-moderating. We are seeing an increase in the size of tenant households, and people choosing to buy over renting or choosing to remain in, or return to...
The market also appears to have reached an affordability ceiling. Tenants cannot afford to keep up with rising rent prices. They are either renting with other people to share the...
Investor activity has been increasing over the past 12 to 18 months and, as well as buying established properties, investors have also been purchasing house and land packages...
The tight rental market and high gross yields continue to encourage investors into the housing market at a higher rate than owner-occupiers, Australian Bureau of...
White said some tenants have finally had their new homes completed and are moving out of their rental, which frees up some existing supply...