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  • Leasing activity levels remain elevated in Perth

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    Leasing activity in Perth lifted 32 per cent in May, with reiwa.com data revealing 4,915 properties were tenanted over the month.

    REIWA President Hayden Groves said although Perth’s private rental sector continued to present its challenges for landlords, tenant activity was very healthy in the metro area.

    “Leasing activity was slightly subdued in April as a result of the Easter and ANZAC Day breaks, but rebounded strongly in May to record levels which now sit 17 per cent higher than they did in May 2016,” Mr Groves said.

    Activity in Perth’s sub-regions

    reiwa.com data shows all five sub-regions experienced notable increases in activity over the month, with the North East sub-region the standout for May, increasing 35.5 per cent.

    “The South West and Central sub-regions also had particularly strong months, recording increases in leasing activity of 33.7 per cent and 33 per cent respectively.

    “At a suburb level, East Perth, Perth and Scarborough in the Central sub-region had the highest volume of properties leased in May,” Mr Groves said.

    Listings for rent

    Although rental stock levels remain high in Perth, data for May shows listings were stable over the month with no change recorded.

    “Additionally, when compared to May 2016, the volume of properties for rent had only increased marginally by one per cent, which hints to signs that listing levels have finally begun to stabilise,” Mr Groves said.

    View properties for rent in Perth, WA.