SHARP DECLINE IN LEASES

Southern Gazette (South Perth) - - Residential -

RENTAL

Rental ac­tiv­ity across the lo­cal mar­ket and Perth saw de­clines in re­ported leases for the four-week pe­riod of 36 per cent and 33 per cent re­spec­tively. Since the same time last year, the to­tal num­ber of leases is down 43 per cent in the area and 24 per cent for the over­all mar­ket. Lo­cal rental list­ings have lifted over the four weeks by 11 per cent and are 28 per cent above the same pe­riod last year. The over­all Perth mar­ket list­ings lifted 7 per cent and is 38 per cent above the same time last year. Lower de­mand and in­creases in list­ings have in turn pushed the me­dian weekly rental fig­ures down by 2 per cent­for the lo­cal mar­ket.

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