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WA’s top 10-searched rental suburbs revealed

WA’s top 10-searched rental suburbs revealed

by Sasha Karen | March 13, 2019 | 1 minute read

New data has shown the top suburbs people are searching online for a new rental tenancy over the last year.

Perth
March 13, 2019

Data from the Real Estate Institute of Western Australia has found the top 10 suburbs new tenants are looking to live in, with REIWA president Damian Collins stating seven are found within PerthPerth, TAS Perth, WA and three are regional.

“Overall, the suburbs south of Perth proved most popular with WA tenants, 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,” Mr Collins said.

Following this was Joondalup, ScarboroughScarborough, WA Scarborough, QLD, Kalgoorlie, Ellenbrook and Canning Vale.

Mr Collins said this collection of 10 suburbs was quite varied when considering population.

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“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,” he 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.

Of the 10 suburbs, nine saw declines to properties for rent over the last 12 months, with Mandurah experiencing the largest decline, followed by Canning Vale and Bunbury.

“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.

Leasing times were also improving, with nine out of 10 suburbs seeing improvements, with Bunbury being the exception.

“Canning Vale (39 days) and Joondalup (45 days) had the most notable decline in leasing times, with each experiencing a reduction of 11 days during the year, followed by Baldivis (41 days), Geraldton (57 days) and Scarborough (39 days), which reduced by 10 days each,” Mr Collins said.

“These 10 areas clearly hold a lot of appeal for West Aussie tenants. If you’re an investor looking to buy, I’d recommend speaking to a real estate agent about how these local markets are performing and what investment opportunities are available.”

The top 10 most searched for suburbs for rental properties over the last 12 months, according to the Real Estate Institute of Western Australia, are:

Suburb

Median weekly rent

Average days to lease

1.     Mandurah

$260

52

2.     Rockingham

$300

48

3.     Baldivis

$335

41

4.     Geraldton

$230

57

5.     Bunbury

$320

61

6.     Joondalup

$330

45

7.     Scarborough

$398

39

8.     Kalgoorlie

$320

42

9.     Ellenbrook

$310

49

10.  Canning Vale

$400

39

WA’s top 10-searched rental suburbs revealed
Perth
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