After four years of tough rental conditions in Spearwood, things have turned around. Renters are calling, texting and turning up at home opens, and multiple rental applications are being received for some rental properties. Here’s the full story …
Located 18km South-West of Perth CBD, Spearwood boasts a close-knit community with a village atmosphere. People who grew up in Spearwood stay in Spearwood. And no wonder – it’s 5 minutes to Port Coogee Marina and the beach, and Fremantle’s just up the road with it’s vibrant cafes and restaurants.
But it has been tough for investors for the last four years. With excess property stock on the market, the median unit rent had dropped by a huge $100 per week and there were not enough tenants to go around.
Now that’s all changed. The excess stock of rentals and properties for sale has been taken up, renters are calling, texting and turning up at home opens, and multiple rental applications are being received for some rental properties. (more…)
Posted on 04.01.19 • Categories: