Business
Perth rental crisis looms as low rental vacancy rate drops further – PerthNow
Perth’s vacancy rate has dropped again, putting more pressure on the already-stressed rental market, and prompting fears the rental shortage will turn into a crisis.
PERTHS vacancy rate has dropped again, putting addressed pressure on the already-stressed rental market according to Reiwa.
In two months the rate has gone from 2 per cent to 1.3 per cent and president Damian Collins said the continuing reduction in supply was starting to look like a recipe for disaster for tenants looking for a home, with fears the rental shortage would quickly turn into a crisis.
In normal market conditions, with such a low vacancy rate and strong competition for property, r…
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