Months: October and Level

months: In the four months to October rental listings fell by more than 800 properties, while rental activity increased to nearly its highest level in the past year, according to Australian Broadcasting Corporation. REIWA president Hayden Groves said a number of factors contributed to the sharp upturn with falling prices the main catalyst. ABC News Nic Mac Bean Related Story Tenants win as Perth CBD commercial vacancies soar Related Story Record number of Perth rental vacancies Map Perth 6000 The tide could be turning for West Australian landlords, with the latest figures from the Real Estate Institute of WA showing an increase in rental market activity. The rents have fallen significantly over the past 12-24 months, the rents have come down significantly, he said. Mr Groves said the incentive was there for people in share-houses or living at home to find affordable rentals, which drew more people into the market. Because tenants understand there is downward pressure on rental prices, theyre not taking long-term tenancies, they tend to opt in to taking six-month tenancies and therefore there a lot more leasing activity recorded by the institute. (news.financializer.com). As reported in the news.