Rent Increases of up to 20% Set to Rock the Perth Rental Community
Rent Increases across Perth are a genuine threat to thousands of local families as the state comes out the other side of the global Pandemic.
The vast majority of rental agreements are expected to increase by up to 20% as the moratorium is lifted, leaving tenants exposed.
With current vacancy rates sitting at less than 1%, the rental market in Perth has never been so competitive. Many members of Perth’s community are being left scared, vulnerable and potentially with nowhere to go.
With competition levels increasing, vacancy rates decreasing, and a multitude of Western Australians returning home or selling up due to the pandemic, the market is swinging heavily in the landlords’ favour. As the moratorium protecting WA citizens from increase comes to an end on the 28th of March 2021, rents across the state will begin to increase by up to 20%, according to research conducted by Reiwa.
With 14,000 people already on the state housing waitlist prior to the pandemic, WA is running out of available properties, and fast!
The only sure-fire way to eliminate the risk of rent increase, eviction, or being left with nowhere to go? Becoming your own landlord and building a home of your very own.
There is a common misconception that you need to be in a high paying job, with no debts and a 20% deposit saved to get a home of your own, but this is simply not the case.
We have access to low-income packages for singles, couples and families, can help out with low and no deposit options for first home buyers, AND, we have debt assistance options available as well.
As a first home buyer you will also be entitled to up to $24,440* in government grants and incentives.
With more accessible packages and offers available than ever before, we have been able to help a huge chunk of Perth’s renting community to break free from the stress of renting, and get into a home of their own.
If having your rent increased is starting to feel like the latest blow in a series of negative renting experiences, then maybe it’s time to consider your options and see what is available to you. You might be surprised.
For more information or to find out if you qualify, click here today.