Tenant hotspots: WA's most searched for suburbs revealed
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Mar 15, 2019
Tenant hotspots: WA's most searched for suburbs revealed
Three regional towns made the list, according to data from industry body the Real Estate Institute of Western Australia (REIWA).
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CubbiPictured: House for rent in Scarborough for $999 a week through Cubbi, as seen on The Home Page.
South Perth suburbs have proved to be the most popular among renters, with Mandurah, Rockingham and Baldivis ranking first, second and third respectively for searches.
Geraldton and Bunbury in regional WA followed closely, rounding out the top five.
Joondalup, Scarborough, Kalgoorlie, Ellenbrook and Canning Vale completed the list
REIWA President Damian Collins said the list was quite diverse.
Pictured: House for rent in Scarborough for $999 a week through Cubbi, as seen on The Home Page.
“The list is also quite varied in terms of population. While we would expect to see suburbs with larger numbers of properties in areas like Baldivis and Canning Vale return high search volumes, a number of the suburbs on the list that ranked well have fewer than 10,000 people residing in the area," Mr Collins said.
“Of course, areas like Mandurah, Geraldton, Bunbury and Kalgoorlie also represent a broader urban area which has likely contributed to their popularity with WA tenants.
Nine of the ten suburbs on the list experienced declines to the number of properties available for rent in their respective areas over the last year.
Mandurah, Canning Vale and Bunbury recording the most significant reductions.
“When there is increased interest in a suburb and fewer rentals available, this leads to stronger competition between tenants. While overall rent prices in Perth have been stable for a while now, there are some pockets that are starting to see prices rise,” Mr Collins said.
“From the list, Baldivis, Geraldton, Scarborough and Canning Vale all experienced increases in median rent over the last year, with their individual rent prices lifting by $10, $5, $18 and $10 respectively.
Landlords also found it quicker to find tenants in these areas, with data showing nine of the 10 suburbs saw their average leasing times improve during the last year.
Canning Vale and Joondalup had the most notable decline in leasing times, with each experiencing a reduction of 11 days during the year.
"Bunbury was the only area on the list to not record an improvement in average leasing time,” Mr Collins said.
Related reading:
First home buyers on the move in Perth
Coastal suburbs most popular with WA househunters
Housing body calls for reintroduction of WA First Home Owner Grant
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