The rental activity in Perth increases

According to data from the Real Estate Institute of Western Australia (REIWA), rental activity increased in July in more than half of Perth's suburbs.

According to REIWA President Damian Collins, the Perth market has grown since January,

Data show that the main suburbs grew by 114% in July.

"During the month, Ballajura, Harrisdale, Balcatta, Mosman Park and Dawesville recorded the largest increase in leasing activity, more than doubling their leasing business. compared to June, "Collins said.

Prices in Perth remained stable, with an overall median rent of $ 350 per week in June, according to the data.

Rents for houses and dwellings showed no change; with weekly median rent values ​​rising to $ 360 and $ 330 respectively, according to the data.

Median rent in 23% of Perth's suburbs has increased. Three of the ten fastest-growing suburbs came from the Perth luxury market, with prices in Subiaco, Nedlands and Mosman Park exceeding $ 650 a week, according to the data.

According to the data, the number of dwellings for rent in Perth decreased by 5% to 7,074 at the end of July.

"With the number of rental units increasing 8% last month, this is a positive sign to see it decline in July, suggesting that homeowners consider the advice of their real estate administrator and set the price. of their rental in line with market expectations, "Collins said.

Top suburbs:

Cardiff South

,

Westmead

,

Gladesville

,

Alderley

,

higher kedron

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