Renters Reach Their Breaking Point in Perth's Skyrocketing Housing Market The latest rent report from Domain confirms that Perth is experiencing a crisis of affordability.
Median house prices have reached a record high of $750 per week, with units not far behind at $700. Despite these astronomical prices, renters are showing signs of resilience – or perhaps more accurately, resignation.
Domain chief residential economist Dr Nicola Powell attributes the slower rise in rent prices across Perth to tenants finally reaching their "affordability ceiling.