A COASTAL lifestyle is within reach for Perth tenants.
Reiwa president Damian Collins said WA was the most affordable place to rent in Australia and there was no better time for tenants to find a home that suited their lifestyle preferences.
“With coastal suburbs in high demand leading into warmer months, it is pleasing to see that it is now even more affordable to live in these desired locations, especially compared to the east coast where it is unheard of for tenants to be able to rent a house in a coastal suburb for less than $450 per week,” he said.
Reiwa.com data revealed that the 10 most affordable coastal suburbs by rent price were all under $300 per week with Shoalwater, Mandurah, Falcon, Butler and Eglinton making up the top five.
“Topping the list is Shoalwater which has a median rent price of only $250 per week and is $24 less than a year ago,” Mr Collins said.
“Located just metres away from the Shoalwater Marine Park, it is no wonder August reiwa.com data saw rental properties being snapped up in an average of only 17 days.”
Of the 10 suburbs that made Reiwa’s list, six were to the south of Perth, within a few kilometres of one another.
Mr Collins said the south metropolitan area held a lot of opportunity for renters who wanted to live close to the coast, yet only a train ride away from the city.
“The median price in suburbs like Rockingham, Safety Bay and Silver Sands is hovering around the $300 mark, which is notably lower than the Perth median price per week of $360,” Mr Collins said.
Perth’s rental affordability extended to more expensive coastal areas too.
Mr Collins said while Cottesloe and Fremantle did not fall into the most affordable suburbs in the Perth coastal area, their median rent of $578 and $420 per week was still more affordable than St Kilda or Bondi Beach which had median rents of $650 and $1325 per week respectively.
Rents were starting to rise in some areas and he said it was a good time to secure a coastal lifestyle while they remained affordable.