Rental prices in Western Australia have increased by 66% over five years, the highest in the country, raising affordability concerns.
Over the past five years, rental prices in Western Australia (WA) have risen dramatically by 66%, making it the highest increase recorded in the nation. According to Cotality, a property research firm, this surge starkly contrasts with wage growth, which has only seen an increase of 18.5% during the same period. This discrepancy has led to significant concerns regarding rental affordability for residents of WA, with many facing the risk of homelessness due to the escalating costs of living.