Rents expected to rise by 5% this year......read on.

Perth vacancies remained steady at a national low of 0.6 per cent. However, listings that have been advertised for three weeks or more, when compared to the total number of established rental properties, dropped by more than a hundred, from 1,084 in January to 973 in February.

However, according to the Real Estate Institute of Western Austral...ia (REIWA), the vacancy rate of Perth was higher, at 1.6 per cent. Yet the REIWA report acknowledged this was the lowest vacancy rate experienced in Perth for more than four years.

“We particularly note conditions in Perth have now swung heavily in favour towards landlords and we are now expecting rents to rise in Perth by at least five per cent for this year,” said Louis Christopher, managing director of SQM Research.
Source: The Adviser Magazine