Is 2020 'The Year' For Investment Property Growth in Perth?
Friday, 10th of January 2020


If you’re the current owner of an investment property, or perhaps you’re planning to make 2020 the year to kick start your property portfolio, the Perth property market looks set to present an exciting year of opportunity for savvy investors who can recognise the signs of a resurgent market.


A New Decade of Investment Property Growth in Perth

It’s hard to believe we’re now in a new decade, but with fresh beginnings come fresh opportunities for snapping up ideal investment properties within the growing Perth market. Last year, the feature story of the WA real estate industry was that the rental market outperformed the sales market, with median rents sitting at $350 per week since April 2017, becoming the longest period of stable rents since 2001. This stability is reflected in the 32 consecutive months and counting of unchanged median rent prices currently experienced in Perth’s property market.


Healthy Signs for Perth Investors

Property experts are feeling quietly confident about the year ahead. With property prices enjoying a slight increase towards the end of 2019, and a low vacancy rate sitting at 2.3%, Perth is primed for a year of growth for property investment experts. 


Affordability is a major driver in the appeal of the Perth property market. Perth, as a capital city, presents an attractive option for local and interstate investors in 2020 due to the levels of affordability being the highest it’s been since Quarter 3 of 2004. Perth is currently more attractive, from an affordability standpoint, when compared to both Sydney and Melbourne.




What Are the Signs to Look Out For?


Stock Levels

In a simple case of supply versus demand, stock levels will play a considerable part in the potential growth of the Perth rental market, both in terms of returns and rental prices. The number of rental properties available in Perth dropped to 7% in December 2019, down 18% lower than the year prior, indicating a growing level of market demand.


Vacancy Rates

The Perth vacancy rate currently sits at just 2.3%, which is the lowest level since February 2019. With low levels of stock available, mixed with healthy demand and stable rents, the current market conditions have forged an ideal environment for Perth property investors to make 2020 their year for strong rental returns and growth.


ANZ senior economist Felicity Emmett further added that Perth’s vacancy rate suggests future growth by stating, “We’ve also seen vacancy rates fall quite dramatically. They’re now down below the national average – that also suggests the environment for growth will be positive.”


Consumer Confidence

With a series of new projects and activity emerging from Western Australia’s mining sector, we can expect to see a boost in future job prospects to support the growing population. Combine this with low levels of available stock and lowering unemployment rates, 2020 looks primed for consumer confidence to prosper, a key driver for growth and opportunity within the Perth property market.


Rent Increases on The Horizon

With increased consumer confidence and lower stock levels, we would expect to see a boost in weekly rents, which currently sits at a median price of $350 per week.


REIWA President Damian Collins commented on the factors contributing to this predicted increase by explaining, “If listings continue to decrease, new build stock continues to decline and leasing volumes remain healthy, we should see the overall median rent price gradually increase.”


Watch This Space!

Whilst there are always a multitude of factors which will ultimately contribute to market conditions, it is clear that a revival of the Perth property market is on the cards in 2020. WA property experts are feeling more positive for the year ahead, and with growing consumer confidence, it is an exciting time for investors.


Need Our Help to Make 2020 Your Year Of Prosperity?

Whilst it’s clear that Perth’s favourable market conditions present an ideal year of opportunity for property investment specialists, it pays to have the right team managing your most valuable assets. If you’re thinking of listing your property we welcome you to contact us to discover how we can help you take full advantage of Perth’s current market conditions.


Unsure who we are and how we are different? Check out our recent blog which outlines why we were awarded 2019 Residential Property Management Team Of The Year and 2019 Residential Property Manager Of The Year at the recent REIWA Awards For Excellence.

8th March 2024Top Performing Rental Suburbs Of 2023
23rd December 2023Preparing Your Rental Property For 2024
9th November 2023Retail Vs Non-Retail Commercial Tenants – What’s The Difference And Why It Matters
11th October 2023Rent Freezes And Rent Caps: Why WA Property Investors Shouldn’t Fear Them
26th June 2023The Residential Tenancy Act Reform: What It Means To Property Investors
31st March 2023PPM Director Crowned Australia’s Top Property Manager
3rd March 2023It’s A Landlord’s Market: Perth’s Lowest Vacancy Rate In 42 Years
12th December 2022Perth Property Management Has Moved!
5th August 2022Celebrating Our Property Management Awards: Both State & National
25th May 20226 Things to Look For in a Property Manager
5th May 2022Could Selling Your Investment Property Ruin Your Retirement Fund?
24th December 2021How McGowan's Post-COVID Roadmap Will Affect Perth Property
8th October 2021Buy, Sell Or Hold? A Forecast For Property Investment In Perth
12th August 2021Another Night Of Success At The REIWA Excellence Awards
14th April 2021The Rental Moratorium Is Over: What’s Next For Perth Investors?
15th February 2021Time To Renovate: Top Tips For Your Investment Property in Perth
15th January 2021Investing In 2021 – Why WA Property Is Poised For Growth
10th December 2020WA Leading The Nation’s Economic Recovery
10th November 2020How to Take Advantage of Perth’s Rental Crisis
8th October 2020Property Investment Perth: The Changing Rental Market
3rd September 2020How Hard is it to Switch Agencies or Property Managers?
10th August 2020Property Management Service: Why Specialised Agencies Offer More
5th June 2020Optimistic Signs for Perth’s Property Management Market
8th May 2020Perth Market Update April 2020
7th April 2020Perth Market Update: March 2020
6th March 2020Meet Kristy: The Face Behind Your Property
7th February 2020Falling Out of Love with Your Property Management Agency?
10th January 2020Is 2020 'The Year' For Investment Property Growth in Perth?
6th December 2019Why A Responsive Property Investment Agency Is Paramount In Perth
1st November 2019We're Officially Perth's Leading Property Management Agency
21st February 2018Perth Shows Positive Signs But “Perspective” is the Key
16th January 2018The True Secret to Living is Giving
9th January 2018 Owners Tips to Achieve a Higher Return on Your Investment
4th January 2018Keep Your House Safe Over the Holidays
20th December 2017Our Top 10 Tips to Make Moving Easier
13th December 2017Our Favourite Perth Dining Spots
6th December 2017What to Look For in the Right Roommate
23rd November 2017Technology in the Home
16th November 2017Renters Insurance - is it worth it?
List Your Property View Vacant Rentals Contact Our Team