Perth Rental Chaos: Exposing the Struggle of Skyrocketing Costs and Tenant Desperation

With no relief in sight for renters, where will the escalating cost of renting end?

In our office, the desperate pleas from renters calling to see a property before the viewing, to offer more money, and anxious to know if they beat the other hundreds of applicants, is a daily occurrence.

Not only is this awful for those looking for a property, but it is also highly stressful for those in our office taking those calls.Some Landlords may say; 'About time! Rents were stagnant or dropping for years.'

The surge in rental costs in Perth, surpassing 50% since mid-2020, is extreme and unnecessary in isolation.

The rapid escalation of rental costs in Perth has reached such an extreme level that it's now making headlines for unconventional practices, such as individuals resorting to renting out beds on their verandas through platforms like Airbnb.

This recent event, which garnered attention on the front page of the paper yesterday and was a topic of discussion during my appearance on the breakfast show at 6PR, underscores the severity and unnecessary strain placed on the housing market.

Our policy is always to keep good tenants in homes with modest 12-monthly increases.

Our focus is to ensure we choose the best tenants and instead of creating wealth for our Landlords through the front end of extreme rent rises, we manage their property by tweaking the asset.

Project managing yearly maintenance and upkeep so their asset increases in value and therefore their equity increases. We then search for the next property to add to their portfolio.

Property Management shouldn’t be a rent collection & house inspection service, it should be the management of a client's asset not just the people who live in it.

What do you think a property manager's job should be?

Listen to my comments on 6PR yesterday.

Paulette Contessi

Director/Licensee

CONTESSI PROPERTIES