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REIWA President Damian Collins said the vacancy rate is tracking to potentially reach the lowest we have seen which was 0.8 per cent in March 2007.
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Data from the Real Estate Institute of Western Australia finds houses in Perth are selling 27 days quicker last month, according to president Damian Collins.
"We are heading to a rental crisis," REIWA president Damian Collins told WILLIAMS MEDIA.
Now is the time to buy into the Western Australia housing market, according to REIWA President, Damian Collins.
REIWA data shows that rental properties are leasing two weeks quicker in August, according to president Damian Collins.
The Perth market is experiencing the lowest rental vacancy rates since 2008, according to REIWA.
REIWA president Damian Collins reports on a reduction in listings for the Western Australia market in the June quarter.
REIWA president, Damian Collins calls on the Western Australian government to allow the emergency period to end in September.
REIWA outlines its policy options to benefit landlords, tenants and property managers.
Perth has recorded one of its strongest months for real estate sales since 2015, according to the Real Estate Institute of WA.
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