According to a report released from Domain, rents in Perth have increased as follows.
Jan21 to Mar21 - Units +4.3%
Mar20 to Mar21 - Units +14.1%
Jan21 to Mar21 - Houses +3.6%
Mar20 to Mar21 - Houses +14.7%
Our property managers have seen greater increases in Osborne Park, Tuart Hill, Balcatta, Joondanna and Stirling in April and May once the moratorium ended on 29 Mar 2021.
Our sales have seen an increase in queries from investors seeking strong yields, but they are fighting with first home buyers wanting to own properties on large land before they are priced out.