Perth leasing activity rises

By Ericka Pingol | 05 Aug 2019

More than half of suburbs in Perth saw increased leasing activity in July, according to data from the Real Estate Institute of Western Australia (REIWA).

The Perth market has gained momentum since January, according to REIWA President Damian Collins.

The top suburbs experienced 114% growth in July, the data showed.

“During the month, the suburbs that saw the biggest spike in leasing activity were Ballajura, Harrisdale, Balcatta, Mosman Park, and Dawesville which more than doubled their leasing activity compared to June,” Collins said.

Prices in Perth remained stable, with an overall median rent of $350 per week in June, according to the data.

House and unit rents recorded no change; with weekly median rent values standing at $360 and $330, respectively, according to the data.

The median rent price in 23% of Perth suburbs increased. Three of the top 10 suburbs with the highest growth were from Perth’s luxury market, with prices in Subiaco, Nedlands, and Mosman Park being over $650 per week, the data showed.

Listings for rent in Perth decreased 5% to 7,074 properties at the end of July, according to the data.

“With rental listings rising 8% last month, it is a positive sign to see it decrease in July, which suggests that landlords are listening to the advice of their property manager and have priced their rental in line with market expectations,” Collins said.


Top Suburbs : darlington , menai , toowong , east victoria park , tweed heads south


Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local mortgage broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here