Australian Economy is growing but encountering a sluggish property market, nowadays. Interest rate remains as is which plays a big role in having a competitive market. Most of the capital cities in Australia sluggish and property market upswing. Which is which, you want to be a buyer or a renter?
According to Co-chairperson of the REIWA property manager Network Kathryn Massey, “Population Growth had slowed and rental stock has soared. The number of rental properties continues to rise with our data showing 6,600 listings and a vacancy rate of 4.1%.”
Perth rent has an average of around $450 per week for a house and $420 for an apartment, unit, villa or townhouse. Property for sale considers a heightened competition for the properties that are on the market. Many properties are for sale and price is affordable and reasonable. While when you rent a house, there are a lot of vacant properties and expects rent price and vacancy rates remain steady.