Perth rentals down 10-30% from peak

Perth rentals down 10-30% from peak
By Bianca Dabu
22 June 2021
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1 minute read
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The Perth rental market has risen in affordability, with a new analysis showing more than 200 suburbs with median house rents below their peak prices.
Recent data from the Real Estate Institute of Western Australia (REIWA) found a total 235 suburbs across the state with median house rents below their peak prices as of May 2021.
Of these suburbs, 201 were 10 per cent cheaper than their previous peaks, while 37 were more than 20 per cent cheaper.
“While rent prices have lifted over the last year, most suburbs are cheaper than they used to be – and some significantly so,” according to REIWA president Damian Collins.

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