Perth becomes most expensive capital city to rent

2025-01-10 04:50:00

Abstract: Perth's rent went from most to least affordable in 4 years due to population growth, low supply & investors. Residents face housing struggles. Action is needed.

In just four years, Perth has transformed from the most affordable capital city for renters in Australia to the most expensive. This shift reflects a significant change in the local real estate market, placing immense financial strain on tenants.

This phenomenon is primarily attributed to the combined impact of several factors. These include population growth, insufficient housing supply, and the influx of investors, all of which have collectively driven up rental prices in Perth.

For residents of Perth, the rapid rise in rent has presented serious challenges. Many tenants are facing difficulties finding affordable housing and are even having to consider moving away from the city center or changing their lifestyles. In the future, the government and relevant departments may need to take more measures to alleviate this issue and ensure the sustainable development of the rental market.