Real Estate

Perth house rents on the rise in positive sign for local market

Perth house rents on the rise in positive sign for local market

Signs of green shoots are emerging in Perth’s rental market, with median weekly house rents recording quarterly growth for the first time in almost five years.

The Domain Group’s quarterly Rental Report, released on Thursday, revealed weekly house rents grew 1.4 per cent to $355 during the March quarter.

“Following a prolonged period of price declines and a rise in listings, the rental market in Perth is showing signs of stability,” Domain Group data scientist Nicola Powell said.