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Perth house rents surge by more than $80 a week to new record price
Perth house rents surge by more than $80 a week to new record price 8 July 2021 Matthew Hughes Article by: Lisa Calautti, Journalist Source: Domain July 08, 2021 Perth rents are at a six-year high. Photo: One Agency Middle Harbour Perth rents are at a six-year high and have recorded the strongest annual growth of all Australian capital cities during the June quarter, according to a new report. The city’s house rents experienced their fastest rate of growth in almost 14 years, with a 21.6 per cent annual rise to $450 per week – an $80 increase – according to the latest Domain Rent Report released on Thursday “Perth house and unit rents have now hit a six-year high following four consecutive quarters of rising rents,” Dr Powell said. “Unit rents edged $10 higher over the June quarter to $380 a week. Tenants are forking out $60 more a week compared to last year [and] this 18.8 per cent annual rise is the steepest in 13 years. Unit rents remain $70 lower than the mid-2013 peak. ”Median weekly asking rents: houses, June quarter 2021 JUN 21 MAR 21 JUN 20 QOQ CHANGE YOY CHANGE Sydney $550 $550 $540 0.0% 1.9% Melbourne $430 $430 $430 0.0% 0.0% Brisbane $450 $440 $400 2.3% 12.5% Adelaide $4
Article by: Lisa Calautti, Journalist Source: Domain July 08, 2021 Perth rents are at a… Read Article