Perth rental crisis deepens with second-highest prices

7News Just In · Jul 9, 2026 · 1m

Perth's rental market has become the second most expensive in Australia, with median rent reaching $750 per week following a 3.5% increase in the June quarter. The city recorded the nation's largest annual rent increase of more than 10% or $77, while vacancy rates remain critically low at just over 1%. Property experts warn that recent changes to negative gearing and capital gains tax could trigger an investor exodus, potentially driving rental prices even higher as supply continues to decline.See omnystudio.com/listener for privacy information.