RENTAL RESULTS MIXED
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