Ensure you never miss an issue of the
real estate business bulletin
WA a tenant’s market in 2015

WA a tenant’s market in 2015

western australian tenants
by Staff Reporter 0 comments

The future property market of Western Australia is expected to provide generous opportunities for tenants and buyers.

According to the Real Estate Institute of Western Australia president David Airey, the recent REIWA data, along with other external indicators, is pointing to a changing market in 2015.

“It is being affected by a fall in population growth from interstate and overseas, and a subsequent rise in the number of properties on the market,” he told Perth Now.

“Consumer sentiment is weak and despite very low interest rates, first home buyers are dropping away. People who own their home move less frequently than they once did.”

Mr Airey said with the jobs downturn in the mining and construction sector, rental listings are well above average, with more than 6,000 available properties.

“It’s likely to stay that way for some months,” he said. 

“All this means 2015 will be an opportunity for buyers and tenants ... and more challenging for sellers and landlords.

“It will be more important than ever to consult with selling agents and property managers to agree on the right marketing strategies and fix on the most appropriate asking price or weekly rent, adjusted for the changing conditions.”

WA a tenant’s market in 2015
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?