Rental Market Update

We welcome you to contact us and discuss potential real estate opportunities all over the Perth area we service. This is REIWA's current rental report for your information -

Perth Rental Report

Perth Rental Market Update – June 2017, Quarterly Report

Leasing activity in Perth was more subdued in the June quarter than it was in the March quarter, but when compared to the same time in 2016 reiwa.com data shows leasing levels in Perth increased by six per cent. 

REIWA President Hayden Groves said although activity had dropped off across the metro area in the three months to June, annual activity levels had continued to improve. 

“The data for the June quarter 2017 clearly shows an uptick in activity on an annual basis across the board, which is pleasing. We’re seeing notably more properties being leased now than we were this time last year.

 Median rent price

Perth’s overall median rent price softened in the June quarter, edging back slightly to $350 per week from $360 in the March quarter. 

Furthermore, reiwa.com data shows the median house rent price for the three months to June came in at $360 per week, while Perth’s median unit price was recorded at $330 per week. 

 Average leasing days

It took an average of 52 days for Perth landlords to secure a tenant for their rental in the June quarter. 

Mr Groves said the figure recorded for the three months to June was fairly steady on the March quarter, having only increased by one day.

Time Conti Sheffield
Real Estate Agents

Address
338 Albany Highway
Victoria Park 6100
Western Australia, Australia.

24 hours telephone
61 8 9362 5333

Facsimile
61 8 9362 6999

Email
cknight@timeconti.com.au

Person in bona fide control
Paul Conti

Opening Hours
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Monday to Friday
(except Public Holidays)

Licensee
Sheffield Estates Pty Ltd T/C
3329