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Property market update: Perth, June 2021


Property market update: Perth, June 2021
By Zarah Mae Torrazo
23 July 2021
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1 minute read
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Perth’s property market boom almost grinds to a halt in June, as growth in dwelling values in the Western Australian capital lagged behind its capital city peers. But some experts are optimistic about the city’s outlook in the coming months. 
Perth’s property market failed to defy the seasonal winter slowdown, as the rate of growth in property values in the city eased in June.  
A few factors that help to explain the decline in growth rate are an easing in the sales-to-listings ratio and trends observed in housing credit. ....

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Perth's rental market surges, but experts wary of RTA review - Smart Property Investment


Perth’s rental market surges, but experts wary of RTA review
By Fergus Halliday
21 July 2021
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1 minute read
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Ahead of an impending review of tenancy laws, Perth’s vacancy rate has recorded its highest monthly increase since April 2020.
With PerthPerth, TASPerth, WA’s vacancy rate and rental listings rising, the REIWA suggests that there is light at the end of the tunnel for property investors.
According to the REIWA, Perth’s vacancy rate rose 1.2 per cent in June 2021.
This figure represents the highest that the vacancy rate for the Western City capital has been since August 2020, and the biggest month-on-month growth since April 2020. ....

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