When it comes to checking the houses in Perth, your top priority is the rent. Of course, if you know how much it will cost you, your decision will be easy and swift. However, you must know that Perth is not a cheap place to live. So, what is the average rent in Perth? For an individual, the living cost in Perth is above $1500 per month. If you have a family, the rent will be more than $5000 per month. Even if you find the cheapest beach suburbs in Perth, the overall living cost will be high.
If you want to know the average rent in Perth, this article is for you. This will give you a good idea of whether Perth is the place for you or if you should visit another city. However, you must know that demand and supply drastically change the rent in Perth, so be ready to hit at the right time to get a living space at the right amount.
What is the average rent in Perth?
Let’s get right into the business so we won’t waste your time. However, if you want to know what can help you get the best rental space at a lower price, continue to the end of the article.
The average rent in Perth is $420 for houses and $350 for units. This is the rent for each week, so for a month, one person has to pay $1500 at minimum.
Now the big question is, is this rent fixed? A quick answer is No! This rental amount is not fixed. It fluctuates with the demand for rental property in Perth.
For example, if people stop coming to Perth and start settling in another city, the rent will go down. However, if they keep coming here like you want to get a place in Perth, the rent will keep going up.
On the other hand, if you are interested in getting a property in Perth, the cheapest you can find is AUD 550,000 for houses and AUD 520,000 for units.
We recommend that you go after suburbs like Armadale, Camillo, and more. Because they are the cheapest places to rent in Perth.
Factors that affect rental prices in Perth
You might be thinking why knowing these factors will help you. Well, if you are desperate or your next goal is to get a rental place in Perth, you must know what makes it tick. If you know the factors – you can keep an eye on them and strike the right time to get the best property at a lower price.
Local economy
Your top priority is to keep an eye on the local economy as it drastically impacts rental prices. If you see the economy going down, you bet that the rental prices will decrease too. If you work in a tech and healthcare company, Perth is an ideal place to live. However, if people from these companies move to another city, it is time for you to enter the area because the rents will go down.
Population growth
If you see the population growth in any suburb of Perth, stay away from there. If the population is increasing, it means the living demand is increasing in those areas. At such times, you’ll find the rents at their peak. At some point, the rent might double because too many individuals or families are moving to that place. So, have patience until the population growth stops, and then visit such areas.
Supply and demand
These two are the most common factors to impact the rent. If you see that the demand is high and the supply is low, the prices will be more than ever. At such times, we recommend that you avoid getting a rental property at such times and wait for the balance to arrive.
Tips to get a rental property in Perth
With these factors aside, here are some tips that can help you get a suitable rental property in Perth.
Research matters the most
Never underestimate the power of deep research, as you can find answers that you can never find on average. Before you get a rental property in Perth, we highly recommend that you do tons of research to get an idea about the low-cost and high-cost areas.
Have a good rental history
If you have been a good tenant, the new landlord won’t have issues listening to your demands. If you pay rent on time, take care of the property, and listen to your landlord, you can get a house at lower rent because of your good behaviour.
People also ask
How much is rent on average in Perth?
Rents in Perth are a real drain on the wallet – on average, houses will set you back AUD 395 each week while units come just slightly cheaper at AUD 340. It’s all according to the latest figures as of September 2020.
What is the average monthly cost in Perth?
Down under in the city of Perth, you got to shell out about AUD 1,698 a month to live in a house and AUD 1,462 for a penthouse – approximately speaking.
How much is an apartment rental in Perth?
The average weekly cost to rent a unit in Perth will set you back around AUD 340 – that’s about AUD 1,472 a month. But of course, depending on location, size, and number of amenities included, it could end up costing more. So bear that in mind!
