REIWA President Hayden Groves said, “Unlike cities on Australia’s Eastern seaboard, rental conditions in some areas of Perth definitely favor tenants.”

There are fears that Perth rental market will be bottomed up as housing market and population growth slowed down. Due to unemployment and population growth slowed down, housing demand in Perth is reducing. It was reported that the total number of properties available for rent in Perth metropolitan area is increasing over the week. Overall median rent in Perth’s city wide is $400 per week. The more supply of houses for rent, lots of choices for tenants that suits their budget. Perth rental indicates affordability and its considerably improving. Tenants have a good opportunity to upgrade also.

http://www.yourinvestmentpropertymag.com.au/news/perth-rental-market-still-tilting-towards-tenants-213958.aspx

 


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According to REIWA President Hayden Groves, “An increase in overseas migration into WA was likely explanation for why rental market was showing signs of stability – the Australia Bureau of Statistics latest population data revealed net overseas migration had crept back up again in the September 2015.”

Perth median price remained stable in March and confidence is returning to the market. Perth is one of the city fell in property prices and interest rate is the driving force behind in recovering the Perth’s housing market. A slightly increase in the median price is expected because of the trade up activity. Because of the autumn season, sales listing is relatively lifting by 2% and rent for houses and units remain at $400 and $380 per week respectively. Pushing up the median house price by trade up activity is expecting to increase for coming months.

http://www.communitynews.com.au/realestate/Perth-housing-market-on-rise-as-prices-steady-says-REIWA/7685231


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Perth home values fell across the nation’s capital cities. Last February, Perth house values were dropped despite a pick –up of some capital cities. Softness in Perth market is the evident in rent which have fallen. Will Perth house price fall again?

According to Corelogic RP Data head of research on Tim Lawless, “The housing market has been losing momentum since July last year, when capital city dwelling values were increasing at the annual rate of 11.1%”.

Based on RP Data, annual pace house price growth across Australia’s capital cities rose 6.4% in March. But despite of the increase, there are 2 capital cities are trending lower and Perth is one of cities which has a lower home values. Perth and Canberra are the 2 cities fall the house values through February.

However, value growth is moderating in Australia’s capital cities. Moderation of the value growth in a development may comfort the Reserve Bank. This is likely a better development in the housing market.

http://www.perthnow.com.au/realestate/news/perth-wa/perth-house-price-slump-worst-in-australia-as-national-growth-slows/news-story/601086dedb5c9b9d2669f44328e3275a


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