Australia Property

[BlueKelah]

Perth tenants on top as WA rental vacancy rate hits 20-year high

http://www.perthnow.com.au/realestate/ne...7524083658

sent from my Galaxy Tab S

http://www.valuebuddies.com/thread-5870-...#pid115402

almost a month late mate...

In case you did not read the article, this article has some detailed info with some real figures on rents.. And is more on rents rather than property prices so wouldn't it consider it late but rather extra additional information.

From the article :

TOP 10 SUBURBS FOR RENTAL DISCOUNTS (HOUSES)
1. Claremont: From $1100 to $768. Down 30 per cent or $332.
2. Peppermint Grove: From $2000 to $1525. Down 24 per cent or $475.
3. Burswood: From $800 to $613. Down 23 per cent or $187.
4. Waterford: From $750 to $595. Down -21 per cent or $155.
5. Churchlands: From $1100 to $900. Down 18 per cent or $200.
6. City Beach: From $1145 to $950. Down 17 per cent or $245.
7. Burns Beach: From $800 to $665. Down 17 per cent or $135.
8. Ascot: From $600 to $500. Down 17 per cent or $100.
9. Menora: From $700 to $585. Down 16 per cent or $115.
10. Shoalwater: From $430 to $360. Down 16 per cent or $70.

TOP TEN SUBURBS FOR RENTAL DISCOUNTS (UNITS):
1. North Coogee: From $850 to $425. Down 50 per cent or $425.
2. Cloverdale: From $530 to $450. Down 15 per cent or $80.
3. Mount Hawthorn: From $550 to $445. Down 14 per cent or $75.
4. Connolly: From $517 to $445. Down 14 per cent or $72.
5. Crawley: From $490 to $420. Down 14 per cent or $70.
6. Sorrento: From $565 to $500. Down 13 per cent or $65.
7. Highgate: From $480 to $420. Down 13 per cent or $60.
8. North Fremantle: From $725 to $640. Down 12 per cent or $65.
9. Doubleview: From $450 to $400. Down 11 per cent or $50.
10. Perth: From $590 to $525. Down 11 per cent or $65.

Around half of the suburbs above can be considered blue chip suburbs in Perth. Generally it does look like a more than 10% drop across all property types with house rents dropping much more than units in % terms.

Could we be seeing the same type of drop in rental yield and property prices across the other Capital cities soon?