Perth listings increased 10% in the June quarter, according to new data from the Real Estate Institute of Western Australia (REIWA).
There were 7,448 properties for rent in Perth at the end of the June quarter, up 10% over the March quarter, according to the data.
"Given the weakness of the sales market in recent years and the improved rental market, some homeowners are now choosing to lease their properties rather than selling them," said REIWA President , Damian Collins.
Despite the increase in the number of listings, if rental prices are in line with market expectations, homeowners have a very good chance of finding a tenant, according to Collins.
Median weekly rents also increased by $ 10 to $ 330. This was the first time that the median rents in the capital had increased since the December 2016 quarter, according to the data.
Median weekly rents for the best-performing suburbs are above average, indicating that there are some areas in the middle to upper segment of the Perth rental market in favor of homeowners, according to Collins.
The five most performing suburbs of the June quarter are as follows:
Suburbs
Median
weekly rent
Applecross
$ 520
Bull Creek
$ 425
Mount Lawley
$ 485
Stirling
$ 450
Yangebup
$ 380
Source: REIWA
Top suburbs:
the basin
,
Kariong
,
St. Peters
,
Tiwi
,
Nundah
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