News for Business

Rents in Perth are soaring faster than any Australian capital city, while parts of regional WA are experiencing the largest rent rises in the country, alarming new analysis shows ahead of a crucial meeting to help fix the crisis.

Shelter WA has analysed the latest SQM Research Weekly Rents Index and found advertised rents in Perth have risen 19% in the past year and 4% in the past three months – the highest of the capital cities.

Perth also has the tightest vacancy rate of the capitals at 0.4%.

Meanwhile, two WA regions are among the country’s top ten areas for rent rises in the past year.

To read the article in full including comments from UDIA WA CEO Tanya Steinbeck, click here.