Perth rental vacancy falls to 0.8 per cent
The tightest capital city rental market in the country tightens further as resources employment holds up.
Perth's rental vacancy rate fell to 0.8 per cent in August, the lowest of any capital city and down from 0.9 per cent in July.
Advertised rents are 7.1 per cent higher over the year. The median advertised house rent has reached $720 a week.
Completions are improving but remain below the level required to lift vacancy above 1 per cent before 2027 on current forecasts.
Sources
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