Perth is one of the boom populations because of the job opportunities. Many migrants trying their luck in Perth in which the cause of population increase. Because of the booming population, rental tightened and cause of housing crisis. Would it affect the median house rent?
According to the prediction of APM Economist Andrew Wilson, “By the end of the year, WA’s rapidly growing population will make Perth more expensive for renters than Sydney, where the median rent for homes is $500 a week. Last year, Perth had the highest rental growth of all capital cities and based on the forecast, more people are coming in WA every week that makes Perth’s median house rent increase. Population will continue growing but the home built annually is not sufficient to supply the demand.