Trent sits down with Senior Property Manager, Chanelle Boylen, for a comprehensive update on Perth's rental market. They discuss the current 2% vacancy rate, which is the highest since June 2020. Despite an increase in available properties and the turnover of investment properties to owner-occupied homes, tenant demand remains strong. The discussion also covers rising rental costs, which are nearly double pre-Covid rates, and an increase in break leases as tenants purchase homes. Chanelle highlights the importance of fair pricing and good tenant relations, amidst increasing maintenance costs and communication issues within property management. The session concludes with insights into management fees and the shift away from all-inclusive packages.
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