Perth rental market poised for takeoff
Perth’s rental market is becoming increasingly tight, with listings plunging and strong demand for properties continuing through the coronavirus crisis, prompting calls that the city could face a rental shortage as early as next year.
Andrew Graham says RMA will be on the lookout for acquisition opportunities. Photo:RMA (Image source: Shutterstock.com)
Perth’s rental market is becoming increasingly tight, with listings plunging and strong demand for properties continuing through the coronavirus crisis, prompting calls that the city could face a rental shortage as early as next year.
Data from the Real Estate Institute of Western Australia showed there were 4,676 properties available to rent at the end of May, the lowest level since November 2013.
REIWA said competition for properties was heat…
