Halls Head and Rockingham were among the top suburbs in WA to record rent price increases in May, according to Real Estate Institute of WA (REIWA) data.
REIWA President Damian Collins said while the overall median rent price was unchanged during the month, 29 suburbs did record price increases.
“The strongest performers for median rent price growth during May were Alkimos (up $15 to $375 per week), Halls Head (up $15 to $390 per week), Gosnells (up $10 to $320 per week), Rockingham (up $10 to $350 per week) and Nollamara (up $10 to $360 per week)," Mr Collins said.
There were 2891 properties leased in Perth and Peel during May.
“The suburbs to record the biggest increase in leasing activity during the month were Secret Harbour (up 78 per cent), Piara Waters (up 60 per cent), Halls Head (up 57 per cent), Clarkson (up 55 per cent) and Wellard (up 43 per cent),” Mr Collins said.
reiwa.com data shows the median time to lease a property in May was 18 days.
“The median time to lease a property has been relatively stable since September 2020, hovering between 17 and 19 days. On an annual basis however, property investors are finding tenants for their rentals nine days quicker than they were this time last year," Mr Collins said.