Perth Vacancy Rate

[redwing]

Moving towards 4%

Winter chill comes early to Perth?s rental market

I noted a few months back how the ending of the once-in-a-century mining investment and commodity price booms appeared to have hit home in West Perth ? home to the nation?s mining headquarters ? with office rents falling dramatically and vacancy rates skyrocketing.

Now it appears that the residential rental market has followed suit, with rents falling and vacancies rising.

The latest data from SQM Research illustrates the situation.

First, rental vacancies have climbed materially over the past 18-months, although they remain relatively tight overall:

Cont..

 

[jaylo]

Brace yourself redwing, gaz is the new mining:
http://www.abc.net.au/news/2014-05-16/reax-to-committee-on-floating-lng/5456330

 

[westminster]

I think 'skyrocketing' is slightly sensationalistic journalism!!

4% is fine. It's a balanced amount. It does mean that rental contracts that were created in the sub 3% days might not be able to be increased much, if at all but you can't have the gravy train all the time. I've still managed to increase my 2.8% days contracts by $10-15 though.