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Perth’s rental prices the highest in six years as vacancy rates continue to fall



Perth rentals are at their highest asking prices in almost six years with the median house costing $430 a week – the biggest yearly increase across the country.

Domain’s March quarter rent report, released on Thursday, revealed the average house and unit rental prices in Western Australia had both risen by $15 a week during the first quarter of 2021, with units costing on average $365 a week.

Despite the market upswing, renters are yet to feel the squeeze experienced in 2013 during the peak of the mining boom, when the median house rental was $490 and units were $450 a week.

The biggest increase was in the southern suburb of Manning which had rent jump by $100, or 22 per cent, in one year.

Hamersley ($63), Bicton ($73), Kensington ($73)…

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