Southern Gazette (South Perth) - - Residential -

RENTAL THE lo­cal rental mar­ket had a 5 per cent in­crease in prop­erty leased and man­aged by REIWA mem­bers over the past four weeks, which was 27 per cent higher than a year ago.

By com­par­i­son, prop­erty leased across the over­all Perth mar­ket fell by 5 per cent.

Cur­rent rental list­ings are up 3 per cent on the pre­vi­ous four weeks and 41 per cent an­nu­ally.

This is sim­i­lar to the Perth Metro re­gion show­ing a 5 per cent lift and 37 per cent an­nu­ally.

Rents for the area have re­mained the same for the three months to Oc­to­ber but are down 3 per cent since Oc­to­ber 2013.

REIWA also wishes to apol­o­gises for pub­lish­ing in­cor­rect lo­cal rental list­ings in our re­port four weeks ago, which was iden­ti­fied af­ter pub­li­ca­tion

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