Quarterly Rental Review Report Published

Perth Property Market

With the release of CoreLogic’s Quarterly Rental Review Report, we’re looking back at the performance of Perth’s property market during the last few months of 2022, as well as looking ahead to what 2023 may have in store.

As property specialists, we want to use our knowledge to guide property investors on their journey. Keep reading to learn more about the conditions of the Perth property market. If you’re looking for some personalised advice on your investment property, you can request a free rental appraisal here, and we’ll be in touch to help you out.

Closing out 2022

The immediate impact of the global pandemic began to wane in our corner of the world. At the same time, the economic run-on effects had only a minor impact on Perth’s property market. Though less steep, national interest rate hikes failed to upset the upward trajectory of Perth housing prices, which rose by 2.86% from a median of $525,000 in 2021 to $540,000 in 2022.
We have also maintained our status as the most affordable capital city based on median house prices.

[source: Landgate/REIWA]

Continued Improvement in 2023

Property Market

Strong conditions in the Perth property market are expected to continue into 2023, with REIWA estimating ‘moderate growth of between 2 and 5 percent in the next 12 months’ due to low supply vs. high demand. Average weekly reported sales figures rose slightly in 2022 and are predicted to continue in this direction in 2023. Though listing figures were down in 2022, they are anticipated to rise in the coming year or so as building projects stalled by the pandemic tick over into completion. This rise in supply will likely be offset by population growth.

Interest rate rises have so far been weathered well by the Perth property market, compared to the rest of the country, with most of the negative impact offset by strong economic conditions, low levels of unemployment, and the aforementioned population growth. All in all, we are cautiously optimistic about the Perth sales market in 2023.

Rental Market 

Perth also had the distinction of being ‘the only capital city rental market to see an increase in the rate of quarterly growth’, while also enjoying the lowest national vacancy rate of 0.5%. The median rental price was $553, slightly lower than the national median of $555, but still representing quarterly growth of 3.2%, consistent with the year’s overall upward trend, and the strongest growth nationally for the quarter.

Navigate the Perth property market with Access Property Management

We’re committed to supporting you in your investment journey in any way we can. Our expertise and industry knowledge can help you keep your investment safe and maximise its potential. Request your free rental appraisal here to find out how we can help you.

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Shirley Smith

Founded
in1995


We are, and have always been, a family-run enterprise. Founded by Shirley Smith in 1995, the idea for Access Property Management was conceived when Shirley realised there was a high level of demand for dedicated property management agencies, a need that was not being met by the existing real estate market. The agency is now headed by Shirley’s daughter, Stacy Whiting, who joined the business in 1996, and her husband, Mark Whiting, who has been at the agency for over 18 years. This focus on longevity extends to Access’ dedicated team of qualified property managers, with most staff having worked at the agency for 9 years or more.

ORIGINAL FOCUS

Shirley’s original objective was to provide a closer link between property owners and high quality tenants provided by relocation companies and the corporate/executive sector. Over time we extended our services to better cater for the needs of all property investors and quality tenants, who were seeking a higher level of service, focus and experience.

27+ YEARS EXPERIENCE

For over 27 years, our family owned business has made an impact within the real estate industry in Perth Metro and based on our results we’ve established a strong reputation for integrity, distinction and innovation in real estate and management services.

Meet our team of dedicated property specialists.

“I have rented through Access twice since 2010 and both times have been great, particularly the last time when I rented in South Perth and my rental agent was Kelly Duncan. What a delight she was and is and nothing was too much trouble. Thanks Kelly for such a great experience. Shame I couldn’t stay with you.”

Vanda – South Perth – Facebook

“It is always fantastic to deal with Stacy and the team at Access Property Management. Highly recommend to anyone!”

Anike – Facebook

“I have been using their services as a tenant, and I can say its an amazing experience. They are prompt at everything and quite helpful. Alongside, the property manager carry a great professional work ethics which is wonderful. You, as a tenant always feel accompanied by your property manager. Cheers.”

Rahul – Google

“Mark, Stacy and the team at Access you are a pleasure to do business with. I highly recommend to anyone that requires high level, professional property management.”

Brett – Facebook

“Many thanks for your help.  I have a couple of other properties and you guys are by far the easiest to work with and most professional.”

Dean – Owner

I would like to personally thank Kelly for her professionalism and pleasant manner when we were applying for a rental. My son Jarrod (18yrs) & daughter Nicole (22yrs) had been applying for rentals all of January with no success & I was disappointed that some of the agencies hadn’t even followed up on their good references to allow for a fair assessment of their application. As Kelly would know we were successful in this application but had to decline as we were also successful in purchasing a property in that same week. Kelly was very understanding and a pleasure to deal with. I will highly recommend your agency .

Heather – Prospective Tenant

“I rented a property through Natalie at APM. She was attentive, proactive and professional – everything you could want in a property manager (as a tenant and as a home owner, as I am myself also). I highly recommend APM, their professional staff and convenient services.”

Daniel – Mt Pleasant – Facebook