Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Rental listings stay low in Perth

By Grace Ormsby
24 November 2020 | 1 minute read
Rental listings stay low in Perth

Rental figures appear to have stabilised in the West, with 2,864 properties currently for rent in Perth – the same number as the week prior.

It’s on par with last week’s figures, according to the Real Estate Institute of Western Australia (REIWA), when 2,864 properties were also on offer.

It comes after the institute reported the city’s vacancy rate had dropped to 0.95 per cent on October – close to the 40-year low of 0.8 per cent reached back in 2007.

At the time, REIWA president Damian Collins said investors were still not responding to changed market activity and the decreased vacancy rate, despite the low interest rates currently on offer.

The latest rental listings figure is also on par with levels seen four weeks ago, but it is still drastically lower (53 per cent lower) than was reported over the same week last year.

Meanwhile, sales activity in the capital city decreased 3 per cent over the week.

Just 877 transactions were reported – from last week’s 918.

The REIWA attributed the decrease to a 4 per cent fall in house sales and a 4 per cent fall in unit sales. There was no change in vacant land sales over the week ending 22 November 2020.

Rental listings stay low in Perth
Perth aerial new2 reb
lawyersweekly logo

ABOUT THE AUTHOR


Grace Ormsby

Grace Ormsby

Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.

Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.