For the second quarter in a row, Perth’s rental market has continued to improve with the vacancy rate lowering to 2.5 per cent, 172 suburbs recorded an increase in leasing activity and 110 suburbs recorded an increase in median weekly rent.
REIWA Deputy President, Lisa Joyce said Perth’s rental market appears to be building on the momentum of the latter half of 2019.
“This is very encouraging – not just for the rental market, but also for the overall property market as historically, the sales market follows the rental market during a recovery,” Ms Joyce said.