Is it just me or does it seem there is abundance of rentals at the moment?

[steven_gers]

Hi PP,

 

I keep an eye on the rental market every few weeks, so we can keep an eye on prices etc,

 

I've never seen so many properties available for Rent, is something happening that we are not aware of?

 

Are the OZ folks moving country's whilst us POMs move the OZ? have they found a better more prosperous land?

 

[nikkiwd]

which areas and suburbs have you been looking at out of interest?

[Sideshowdeb]

Hi,

 

I look at rentals all time, and have done for a while now. It's occurred to me lately that prices seem to be on the way down slightly. We can definitely get more for our money now than we could 6-12 months ago. I thought there was just more in our price range, but maybe it's just more, full stop?

I thought it was a good thing, but I'm ever the optimist.

 

Deb

[Guest Guest6235]

Hi,

 

My parents friends who moved to Rockingham years ago gave us a contact of their grandsons partner who is a Property Manager for LJ Hooker. She deals with property around the Cockburn area but has said in general that there are more rents available and the prices have come down. Also it may be worth asking for another bit off the price as sometimes it works.

 

She has told us to look for a property when we get there to get a feel of an area and standard of rental and also they only give rentals out to people they have met. If we didn't have jobs to go straight into she has recommended paying 6 months up front for one to secure it.

 

Let us hope the trend of falling prices continues for when we all arrive!!

 

Keith

Edited June 10, 2014 by Guest6235

[Sideshowdeb]

I love a bit of insider know how... Thanks for the tips :-D

[fifi69]

The rental market has been slowing down over the past year....due mainly to the downturn in the mining industry.

 

put it this way, if you are unable to secure a rental at the moment in perth, then you are doing something seriously wrong.

 

gone are the days of 30 odd people turning up to home opens. Rental agents and house owners are falling over themselves to get you to sign up. They are actually having to work for their money, which is a nice change. Although not all of them have cottoned on to this, so if they start giving out bullsh1t, like, they have had loads of interest, or it's going to go really fast, don't be fooled.

 

my 19 year old daughter and her boyfriend have not long ago secured a rental, unheard of giving a rental to someone so young a year ago, plus they got the agent to reduce the asking weekly price. This is a house in a really good area too.

 

so, no, it's not that people are moving away from perth per se, it's just the need for accommodation for FIFO workers has dropped.

[portlaunay]

Prices have definitely come down in Freo. They were ridiculous though. Even 12 months ago we went to a viewing and we and another couple were the only ones who turned up. We both actually laughed at the agent and asked him if he was serious. The place was a tiny 3x1 with no yard, no parking and on a busy street. They wanted $950. I saw it still available several months later and i had dropped to $750.

 

Someone on another said it's worth bargaining and what have you got to lose, it's a renters market at the moment.

[Guest guest9824]

Hi PP,

 

I keep an eye on the rental market every few weeks, so we can keep an eye on prices etc,

 

I've never seen so many properties available for Rent, is something happening that we are not aware of?

 

Are the OZ folks moving country's whilst us POMs move the OZ? have they found a better more prosperous land?

 

 

i think the fact that the mortgage rate is so low now too, is not helping the rental market, why would you pay more per month on rent when your mortgage per month on your own home could work out cheaper... There are lots of incentives out there for first time buyers with new builds etc, so when once those people might be reluctant to buy, they are buying instead of renting...

[Guest Guest6235]

Peanuts,

 

What is the approx mortgage rate at the moment, I'm guessing it depends on which company you go with? On the real estate website on mortgage calc it automatically comes up ay 5.1% but is this correct.

[Deb]

That good to know we fly out in two weeks and will be looking in the Rockingham area.

 

Deb

[Guest Guest6235]

So what is the rate?

[Guest guest9824]

So what is the rate?

 

Hi Keefo, you are right it does vary with different Banks....ours is 5.1% so if you work on that basis! it should give you an idea...

 

When we first arrived here the rate was 9.5%, and the house prices were high too...so these rates are a welcome break from the higher ones! although when my sister emigrated the mortgage rate reached 17% ...yikes

 

pea