The West Australian
Perth’s staggering run of rental increases has finally come to an end, with median house rents dropping for the first time since late 2021.
New Figures from the Real Estate Institute of WA shows April rental price drop shaved 1.4 per cent off the weekly rent for houses — or $9.50 — to hit a median price of $680.
There have been only two house rent price drops in the past eight years, with a $5 a week drop in November 2021 taking weekly rents o $440, and a $5 drop in November 2017 to dropping leases to $320 per week.
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