Perth rents have surged 22.50 dollars weekly since the May budget — way more than the government’s predicted two-dollar bump — with new data revealing a 3% jump in house rents pushing the median to $750/week. Twice as many suburbs saw rent hikes as declines in the $650–$850 range. Treasurer Jim Chalmers blames landlords covering higher costs, but experts warn the real problem is shrinking rental supply due to reduced investor activity, especially in established homes. While Housing Minister Clare O’Neill touts a $47 billion national housing plan and 31,000 first-home buyers in WA, the unit market remains steady at $700/week — leaving affordability under even greater strain.
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