‘Unsustainable’: Why Perth’s falling house prices won’t fix the city’s rental crisis

AI Summary

Perth house prices are falling, but rental costs have risen 67 percent over five years and the city’s rental crisis remains unresolved. Housing advocates are urging urgent intervention, arguing that lower property prices have not increased the supply of rental homes.

Rents have surged 67 per cent in five years. Housing advocates are calling for urgent intervention as falling property prices fail to boost rental supply.