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Perth tenants should brace themselves as rising house prices, improving economic conditions and more newcomers to the state combine to force up rents this year, a leading property researcher says.

The latest rental report by Australian Property Monitors shows asking rents in Perth have increased in the first three months of the year.

The median weekly asking rent for houses in the metropolitan area is now $370, a $10 increase on the previous quarter and the first rise in more than a year, while units increased $8, to $358.

But with rising house prices, increased rents have not led to increased yields. The gross yield for houses is now 4.06 per cent, while units are yielding 4.62 per cent.

That leaves Perth ahead of only Melbourne among all state capitals.

APM economist Matthew Bell said he expected Perth rentals to increase a further $10 a quarter for the rest of the year, with a strong resources sector and population growth the driving factors.

But this was unlikely to be fast enough to maintain yields, which would drop slightly as house prices rose further. The median Perth house price is believed to have passed $500,000.

Really, the outlook for both rents and house prices is pretty strong,” he said.

“Yields will probably soften again, but historically they are at pretty good levels.”

Houses were usually bought by investors for capital growth, with units offering better yields, Mr Bell said.

Meanwhile, the Urban Development Institute of Australia said its own research showed a six-month delay in planning approval could add 7 per cent to the price of an average block in the metropolitan area.

UDIA WA chief executive Debra Goostrey said developers were doing what they could to ensure “affordable” land was being made available during a time of increasing prices.

“We also need the support of a fast and efficient planning approvals process to avoid costs associated with delays,” she said.

Her comments follow those last week by property researcher Terry Ryder, who said claims of housing shortages were a beat-up by property industry lobby groups.

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Get your visa, get registered and get in line for once-in-a-generation fares.                                                                            surf

To be in with a chance to become a £10 Pom you need to follow these simple steps and you’ll soon be on your way.

1. Get yourself a Working Holiday Visa
The £10 Pom fares are intended for people who are serious about having one hell of an adventure on a working holiday in Australia, so you will need to have a Working Holiday Visa to be eligible. You can apply for a visa at any of STA Travel’s 44 branches, or click here to buy it online.
Eligibility: You must be a UK passport holder aged between 18 and 30 years old inclusive.

A working holiday visa allows you to live and work in Australia for a period of 12 months. You can work for one employer for a maximum of 6 months, so it gives you time to travel around Australia topping up your funds as you go.

There are all sorts of jobs available so you will definitely find something to suit you. Click here to see what kind of roles are on offer right now.

To make it even easier for you to get your working holiday visa sorted in time we’ll also be sending our Mobile Visa Van around the country throughout July. Click here for schedule and pics!

2. Register online
It’s not essential to register online, but we suggest that you do. It means that you’ll be eligible for one of the 5 extra ‘golden tickets’ to be drawn once the first 145 £10 fares are sold out.
Click here to register now.

You’ll also get some exclusive gifts when you book with us on the 5th August whilst stocks last. Be first in the queue to get your hands on the newly released Rough Guide worth £16.99! 
Click here for more info on the exclusive gifts.
 
3. Get to one of our selected promotional branches by 8am on Wednesday 5th August.
There will be eight special STA Travel branches around the country selling the £10 fares on the day. They will be the only branches where you can get them and once they’re gone, they’re gone. So line up, camp out, rent a flat next-door … do whatever it takes to make sure you get there before they are sold out.

The branches are:

Belfast, 92/94 Botanic Avenue BT7 1JR
Birmingham High St, 222-224 Corporation Street B4 6QB
Bristol, 43 Queens Road BS8 1QQ
Glasgow, 122 George Street G1 1RF
Leeds, 88 Vicar Lane LS1 7JH
London Victoria, 52 Grosvenor Gardens SW1W 0AG
Manchester, Albert Square 86 Cross Street M2 4LA
Southampton, 6-8 Civic Centre Road SO14 7FL

Source  :  www.statravel.co.uk

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CLICK HERE TO VISIT RENTAL PROPERTY WEBSITE

Set in the quiet residential neighbourhood of Mindarie, this picturesque house is only a minutes walk from a beautiful park and playground, 10 minutes stroll from the lively bars and restaurants found along the boardwalk at Mindaire Marina, and a quick 2 minute drive from door to shore.

What makes this house different, and so much better, than all the other rental properties out there today? Simple. It’s not just a rental property, it’s a home. And because it’s lived in, it will offer you exactly what you’ll be missing when you first touch down in Perth – all of the creature comforts that will make you feel at home.

So whether you are looking for somewhere to stay for your beach side holiday, or just a place to park your suitcases when you first arrive, this house might be just what you’re looking for – the perfect to unwind, relax, explore and settle into a new life in Perth.

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