Perth Oversupplied with Sales and Rentals
New reiwa.com data shows that the number of properties on the Perth market has reached 14,000, while the number of homes for rent has surpassed 6,500.
President of the Real Estate Institute of Western Australia, David Airey, said listings had jumped for both sales and rentals as a result of WA’s slowing population growth rate and the effect of new building construction impacting on established home sales.
“The number of properties listed … Read the full post »