Perth Vacancy Rate Increases To 10-Month High
independent title
in commercial partnership with
Global insights from
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,430,736 (-0.35%)             Melbourne $906,744 (-1.28%)             Brisbane $626,945 (-1.31%)             Adelaide $576,484 (-1.90%)               Perth $573,264 (+0.68%)             Hobart $667,625 (+0.32%)           Darwin $633,559 (-1.47%)               Canberra $869,505 (+1.93%)           National $879,315 (-0.27%)                      UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $569,148 (-1.05%)               Melbourne $450,915 (+0.15%)             Brisbane $364,991 (+0.46%)             Adelaide $299,227 (+0.06%)           Perth $339,330 (-0.36%)             Hobart $481,504 (-6.77%)               Darwin $380,220 (+0.68%)             Canberra $419,946 (+1.52%)           National $428,987 (-1.42%)                      HOUSES FOR SALE AND WEEKLY CHANGE       Sydney 6,290 (+697)             Melbourne 10,034 (+1,675)           Brisbane 8,564 (-165)             Adelaide 2,786 (-33)             Perth 9,764 (-120)             Hobart 354 (-8)             Darwin 228 (-16)               Canberra 368 (+46)             National 38,388 (+2,076)                    UNITS FOR SALE AND WEEKLY CHANGE       Sydney 6,605 (+82)             Melbourne 6,374 (+217)           Brisbane 2,923 (-13)             Adelaide 861 (-8)             Perth 2,423 (-18)             Hobart 64 (-2)               Darwin 352 (+5)             Canberra 406 (+25)             National 20,008 (+288)                    HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE       Sydney $550 ($0)             Melbourne $440 (+$5)             Brisbane $455 (-$5)             Adelaide $450 ($0)             Perth $450 ($0)           Hobart $495 (-$5)               Darwin $640 (+$10)             Canberra $640 ($0)             National $527 (+$1)                    UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE       Sydney $475 ($0)           Melbourne $370 (-$5)             Brisbane $440 (-$55)               Adelaide $370 (+$5)             Perth $410 ($0)             Hobart $450 (+$25)             Darwin $500 (+$30)             Canberra $540 ($0)           National $452 (-$1)                      HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,996 (-35)               Melbourne 9,639 (+280)             Brisbane 3,873 (+90)             Adelaide 1,037 (+438)           Perth 1,838 (-1)             Hobart 184 (-11)               Darwin 98 (0)             Canberra 262 (+21)             National 22,927 (+782)                    UNITS FOR RENT AND WEEKLY CHANGE       Sydney 16,976 (+55)             Melbourne 16,933 (+1,528)             Brisbane 3,293 (+1,099)           Adelaide 621 (-22)             Perth 1,04 (-50)             Hobart 82 (-7)               Darwin 180 (+24)           Canberra 351 (-3)               National 39,477 (+2,624)                    HOUSE ANNUAL GROSS YIELDS AND TREND           Sydney 2.00% (↓)             Melbourne 2.52% (↓)           Brisbane 3.77% (↑)              Adelaide 4.06% (↓)             Perth 4.08% (↓)             Hobart 3.86% (↓)             Darwin 5.25% (↓)             Canberra 3.83% (↓)             National 3.12% (↓)                UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 4.34% (↑)              Melbourne 4.27% (↓)           Brisbane 6.27% (↑)              Adelaide 6.43% (↓)             Perth 6.28% (↓)           Hobart 4.86% (↑)              Darwin 6.84% (↓)           Canberra 6.69% (↑)            National 5.47% (↑)                 HOUSE RENTAL VACANCY RATES AND TREND           Sydney 1.7% (↓)             Melbourne 2.4% (↓)           Brisbane 1.0% (↑)            Adelaide 0.7% (↑)            Perth 1.0% (↑)              Hobart 0.9% (↓)           Darwin 0.9% (↑)            Canberra 0.7% (↑)              National 1.5% (↓)                UNIT RENTAL VACANCY RATES AND TREND           Sydney 3.7% (↓)             Melbourne 4.9% (↓)           Brisbane 2.0% (↑)            Adelaide 1.3% (↑)              Perth 1.4% (↓)           Hobart 1.7% (↑)              Darwin 1.0% (↓)           Canberra 1.5% (↑)              National 3.4% (↓)                AVERAGE DAYS TO SELL HOUSES AND TREND           Sydney 25.2 (↓)           Melbourne 34.7 (↑)              Brisbane 34.6 (↓)             Adelaide 26.8 (↓)             Perth 42.7 (↓)             Hobart 21.3 (↓)           Darwin 36.8 (↑)              Canberra 23.1 (↓)             National 30.6 (↓)                AVERAGE DAYS TO SELL UNITS AND TREND           Sydney 24.9 (↓)           Melbourne 39.8 (↑)              Brisbane 39.7 (↓)             Adelaide 30.9 (↓)             Perth 42.9 (↓)             Hobart 22.2 (↓)           Darwin 44.7 (↑)            Canberra 36.3 (↑)              National 35.2 (↓)               
Perth Vacancy Rate Increases To 10-Month High

The biggest one-month increase since April 2020.

By Kanebridge News
Tue, Jul 20, 2021 < 1 min

The Perth vacancy rate increased to 1.2 per cent in June 2021, the highest-level Perth has seen since August 2020.

REIWA President Damian Collins said not only was it the highest vacancy rate Perth had seen since August 2020, but it was the biggest one-month increase since April 2020.

“While we are still a way off the two to three per cent figure required for a balanced market, the improvements observed since the end of the rental moratorium are encouraging and suggest there is light at the end of the tunnel,” Mr Collins said.

Since the end of March, reiwa.com data shows listings for rent have increased 5.7 per cent in Perth.

The five suburbs to record the biggest percentage froth increase in rental listings include Balga (+108%), Highgate (+90%), Osborne Park (+67%), Karinya (+60%) and Piara Waters (+54%).

Mr Collins added that the increase in listings shows confidence in the market starting to return and is backed by the latest Australian Bureau of Statistics data which indicates investor loan approvals in Western Australia to $498 million in May 2021 – up 10% when compared to April 2021.

However, Mr Collins adds, “As the year progresses, we should see more available rental properties hit the market as investors return and current tenants take advantage of WA’s affordable house prices to become first home buyers.”

MOST POPULAR

Predicted increases in value signals strength in local property market.

The largest single-dwelling sales of the calendar year.

advertisement
Related Stories
Property
By V. L Hendrickson 22/09/2021
Evergrande Group
Property
By Nathaniel Taplin and Jacky Wong 22/09/2021
Property
By Terry Christodoulou 21/09/2021
advertisement