Perth rental market at lowest ebb in more than 40 years
In the face of the lowest Perth rental vacancy rate on record, prospective buyers are still aiming high as affluent inner city suburbs dominate the top 10 list of online searches.
Seaside Perth suburb Hillarys is one of the most searched for suburbs in the state by online property seekers. (Image source: Shutterstock.com)
While the top 10 list of most searched for suburbs in Perth is dominated by aspirational lifestyle locations, the reality for many West Australians is that they are trying find a rental in the worst market in at least four decades.
Perth’s vacancy rate fell to just 0.6 per cent in December, its lowest level since 1980, when the Real Estate Institute of Western Australia (REIWA) began keeping such records.
In a market where 2.5 to 3.5 per cent i…
