Professionals Granger Clark
Cnr Illawarra Cres North & Alexander Drive Ballajura
08 9249 6888
08 9249 6085Contact us
Rent decreases are a rare thing, but Perth tenants may feel entitled to ask for one. Recent data from REIWA shows the median rent for houses has dropped from $460 a week to $440 since June 2014. New developments and increased vacancies have contributed to the falling rents, which will have several ramifications on the Perth real estate market.
The price discrepancies arise largely from new rental properties and those changing lease agreements. Landlords aren’t likely to lower rent for existing tenants unless pressured. This means that there is a high chance that many tenants are paying more than the market value for their Perth rental properties.
Tenants who feel that they fall into this category have several options. They may wish to approach the landlord or manager of their Perth rental properties. Armed with knowledge and evidence of the local market, they can justify asking for a decrease before they renew their lease.
Others, who do not ask for or are not given a rental decrease, may decide not to renew their lease when the time comes. They may decide to look at new rental properties in Perth. If you find yourself in this position, Granger Clark can help. As the local real estate experts, they have extensive listings for houses to rent in Perth and comprehensive market knowledge.
The large team of real estate professionals pools their resources to bring prospective tenants the best rentals in Ellenbrook, Alexander Heights, Darch and elsewhere in Perth. The current market and Granger Clark expertise will help you find a rental house that you love at a great price.
For some, paying above market value might be the final rental straw. Tenants that have been on the fence regarding the pros and cons of renting versus buying may be swayed by their unfair rental costs to look at houses for sale in Perth.
Granger Clark is also the best real estate agency to turn to in this situation. Again, the extensive listings of houses for sale in Henley Brook, Marangaroo, The Vines and many other Perth suburbs gives buyers the most choice and the best opportunity
Whether you’re a first home buyer looking to escape the rental cycle or a tenant wanting to get a better rental property at a better price, Granger Clark has the solution. Contact them today to get their expertise and insight and get a step closer to the real estate you want.