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Investor activity in the state has been on a broad decline this year, said Jarrod Harper, local expert at HTW.
It appears, however, that this uptick is now being driven by outer suburbs as the conditions in the inner ring start to tighten.
The city’s vacancy rate has dropped to 1.6% in July, the lowest level recorded since March 2008. The conditions of Perth’s rental market indicate a substantial imbalance between supply and demand.