The Beachside Haven of Trigg has Been Named Western Australia’s Most Favoured Suburb for Renters, According to a New Property Report.

The latest REA Group Property Demand Index found waterside suburbs and those in close proximity to beaches were the most popular choices for people scouting for rental properties in February.

Salter Point, on the riverfront in Perth’s south, the upmarket ocean suburb of City Beach, Mt Claremont and Marmion were also favoured by people seeking rentals.

The index shows WA was the only state to experience a dip in demand for house and unit hunters in the past year, recording a 7% drop in demand.

Comparatively, Tasmania sustained the biggest increase in demand in the past 12 months with 68.9%, while the ACT experienced a 50.9% rise. Sydney experienced 32.9% increased demand and Victoria had a 24.7% rise in the same period.

The figures are based on the number of people who search classifieds, compared to the number of available properties.

Meanwhile, there was a 7.4% drop in demand for people in WA seeking rentals in the past 12 months – the greatest decrease of all states.

“Coastal suburbs north of Perth feature strongly in the list of most popular suburbs for renters in WA, accounting for half of the top 10,” says REA Group Chief Economist Nerida Conisbee.

“The popularity of beaches with people renting was a feature nationally, with many chasing the best possible lifestyle, a characteristic they appear more prepared to lose when they look to buy.”

 The report says buyer demand increased in all states over the past month, but it was still too early to determine whether the WA market had reached the bottom of its cycle with year-on-year declines still apparent.

WA’s drop in demand comes in contrast to Sydney and Melbourne where demand for property hit another record high in February 2017, signalling that people would continue to be priced out of the market, pushed to urban fringes, smaller dwellings or continue to rent.




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