Business
Perth’s rental market getting hotter with listings down to mining boom levels – WAtoday
Real Estate Institute WA president Damian Collins said what started as a reasonable rental shortage had quickly become “severe”.
Leasing days was also notably faster in September, taking a median of 19 days to lease a property in Greater Perth making it the quickest time to lease since June 2013.
Despite increased competition for rentals, the REIWA said the median rate had remained stable at $360 per week, though one in three suburbs experienced increases.
Corelogic data also released this week revealed rents had increased by 3.3 per cent for houses since March and 1.5 per cent for units.
REIWA has been a vocal critic …
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