Perth’s rental market is showing positive improvement with the latest data from the Real Estate Institute of Western Australia showing the first median weekly rental price rise since December 2016.
The median house price in Perth has also stabilised at $490,000 making it the most affordable in Australia.
Leederville, Melville, Swanbourne and Inglewood are all locations that should be top selections by investors wanting to capitalise on the rental rise due to their proximity to the city and recent positive rental growth.
With solid signs that the market is improving and strong population growth, investors should feel at ease that developments within Perth will offer them a good return.
Our Loft Haus Development, set within the highly sought after suburb of Leederville, will consist of a three-storey building comprising 13 x 2 bedroom apartments and 2 x 3 bedroom penthouses tied together with a central courtyard offering a peaceful green sanctuary away from the hustle and bustle of city life. Loft Haus will be constructed on an elevated position providing apartments with city views and close proximity to some of Perth’s best bars and restaurants. It has never been a better time to Invest!
This is a summary of the article “Perth rental rise: What it means for investors” by Ewan McConnell | Business News | September 9th 2019