Perth Rental & Vacancy Rate

The current vacancy rate sits for last quarter at 1.7%. The trend continues to lower with population increase to WA, less homes available therefore increasing weekly rents. This is causing many home renters to considering buying due to price and difficulty in obtaining a rental property. Investors are returning to the market as stock markets show some uncertainty around the world.
Great to see this as a graph above and being able to compare to previous conditions over the last few years.