State Of The Rental Market

RP Data released their Quarterly Rental Review earlier this month.

Here is a quick overview of the info you need to know.

Houses in Perth

Median rent: $462
Quarterly change: -2.7%
Year-to-date change: -3.8%

Units in Perth

Median rent: $450
Quarterly change: 0.0%
Year-to-date change: -1.1%

RP Data Key Points

After experiencing strong rental growth over the past five years, the Perth rental market is starting to experience some weaker performance. Over the year ending September 2014, Perth houses with five or more bedrooms have seen a sharp fall in rents (-13.3 per cent), while rental falls for four-bedroom houses (-5.7 per cent) and three-bedroom houses (-2.2 per cent) are much more moderate in comparison. Over the 12 months to September 2014 South West Metropolitan units were the only region where rents rose, up 2.4 per cent over the year to $430 per week. Apart from East Metropolitan houses, where rents remained at $450 per week over the year, all other regions recorded a decline in advertised rental rates.

Visit the RP Data website to read the report in full.

Related Posts

How Rentvesting In Perth Could Help You Get On The Property Ladder

Are you an aspiring Perth home owner having difficulty finding a decent place in…

Read More

How To Raise The Rent – And When You Should Do It

It seems pretty simple – as an investor, you’ve bought your property to make…

Read More

Common Questions Tenants Ask Their Landlords

The best tenant-landlord relationships are those that don’t require a lot of b…

Read More