In , the Perth rental market saw rental prices rise sharply by 8. The downward trend that Perth had been experiencing since ended shortly before the pandemic began and rental prices have been on an upward trend ever since. This cyclical rebound in rents will likely see investors return and rental prices in Perth continuing to climb. Looking to buy a new property? Compare the top agents in your local area. Despite skyrocketing prices, now may actually be a good time to buy.
Interest rates are at record lows and are forecast to stay that way for the next few years. The cheaper loans on offer could help offset the higher sale prices. Prices are forecasted to rise even more in and international borders will soon be open, restoring the flow of migrants and international students to Australia. This will see empty apartments filling up, may cause rent prices to increase and increase the prices of units and starter homes.
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