Perth Rental Update – What’s Going to Happen After the COVID-19 Relief Ends?
The property market is currently experiencing a housing boom due to a combination of low mortgage rates, improved economic conditions, government grants and extremely low rental vacancies. Last year in March 2020 the West Australian government implemented a moratorium on rental evictions and price increases but this is soon to end where tenancy laws will […]
Perth’s Rental Vacancy Rate at its Lowest in 12 Years
According to the latest data from Real Estate Institute of Australia (REIWA), Perth’s rental vacancy rate has dropped to 1.6%, which is the lowest it has been since March 2008*. For the past 21 months the vacancy rate has remained around 3%*, which is a good balance of supply and demand, according to REIWA President […]