As rents rise in Perth, tenants move into some of the city’s hottest rental areas.
With interest rate hikes and a real estate boom resulting in record average home prices across the state, there is more demand for homes near train stations and schools than ever.
But tenants have to be quick. Houses in some suburbs of Perth take an average of just nine days to refurbish.
These are the suburbs of Perth where properties are rented out the fastest.
10 – East Perth
It takes 11 days to fill a rental property in East Perth, with the river and city on your doorstep. But renters need a fat wallet to afford the convenience of the edge of town. Average suburban rents cost $585 — well above the city average of $470. But the high price doesn’t seem to have been a deterrent — 52 homes were picked up in East Perth in the year to May.
9 – The Vines
The Swan Valley’s appeal remains strong for those looking to rent. The Vines is in high demand, with properties taking an average of ten days to rent. Even though it’s 25km outside of the CBD, renting here costs a whopping $520 per week. In the district, 35 homes were let in the 12 months to May.
Camera IconThe Vines. Credit: Alexandra Casey
8 – Seville Grove
The most rented suburb in the top 10 was Sevilla Grove, in southeast Perth, perhaps because of its affordable rent. It costs an average of just $435 a week to rent in the suburb, a student and family paradise with two schools and a TAFE and 120 new tenants in the year through May. Finding a rental car in Seville Grove takes only ten days.
7 – Lynwood
The eastern suburb of Lynwood in Perth is also a haven for the region’s primary and secondary school parents. Rental properties are advertised for an average of 10 days before being filled in the suburbs. The median rent is below the Perth average of $460 per week.
Camera icon Westfield Carousel Shopping Center. Credit: David Baylis/Community News
6 – Langford
Also, in Perth’s eastern suburbs, this is by far the cheapest place to rent on the list. It costs an average of just $410 a week to rent a house in Langford, which is close to the Westfield Carousel Shopping Center. Places take ten days to be picked up in the suburbs.
5 – Karrinyup
The redevelopment of the Karrinyup shopping center and its proximity to the town and the beach has led to a flood of tenants vying to rent in the area. Rents average $555, but that hasn’t stopped 84 tenants from taking homes in the suburbs.
Camera icon Karrinyup Shopping Center. Credit: Robert Frith/Robert Frith/Acorn Photo
4 – Huntingdale
With below-average rents of just $440 a week, Huntingdale, 12 miles southeast of Perth, is also popular. In the region, which has several schools and has attracted 59 tenants in the year to May, it takes an average of only ten days to find a home.
3 – Eglington
With an average rent of $470 per week in Perth, the Real Estate Institute of WA has named this northern suburb “one to watch” for investors and renters due to its potential for future development. It may be 43 km north of the city, but 55 tenants chose to live there in the year until May.
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2 – Maranguru
Also, in Perth’s is considered a family-oriented suburb with many edin Perth’s northern suburbs ucational opportunities. But renters have to move quickly to find a home in the suburbs, with an average rental time of just nine days, making it one of Perth’s most popular rental areas. In the year to May, 43 homes were rented at an average price of $500 per week.
1 – Camillo
But Perth’s most popular rental area is south of the river. In Camillo, homes are advertised for just nine days on average before they go on sale, and it’s no surprise why. With an average rent of just $380 a week, it is one of the cheapest places in Perth to rent a home. It is also a commuter’s dream, close to the highway and train station. In the 12 months to May, 39 homes were let in Camillo.
