Perth multiple dwelling values fall 10% to 15%: Herron Todd White

Perth multiple dwelling values fall 10% to 15%: Herron Todd White
Perth multiple dwelling values fall 10% to 15%: Herron Todd White

The Perth rental market has fallen considerably with the level of rental listings increasing and average weekly rental values down, according to Herron Todd White's September Month in Review.

Herron Todd White noted suburbs such as Balga, Westminster and Nollamara had multiple dwelling (end unit) values fall by around 10% to 15% when compared to the same period last year. 

Rivervale, Cloverdale and Belmont have also been saturated with small walk up type developments and the oversupply issue exacerbated by apartments in the Springs Precinct.

 

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
rental properties Property market

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