Perth housing market: Year of pain ahead for renters facing $64/week increase, according to leading forecaster

Detailed summary

Perth rents are set to jump 8 per cent next year, boosting the median to $863 a week in 2027 amid the shrinking pool of investment properties, according to a leading forecaster.

Perth rents are set to jump 8 per cent next year, boosting the median to $863 a week in 2027 amid the shrinking pool of investment properties, according to a leading forecaster. Momentum Wealth’s Perth 2027 residential market forecast has predicted a massive $64 a week rental hike across Perth by the end of 2027. Momentum managing director Damian Collins said it was because of the structural and worsening undersupply of homes, with Perth’s rental market already operating with only a third of the estimated 6000 listings required for a balanced market.

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