Australian Property

Pain intensifies for Perth’s landlord army

Leith van Onselen
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By Leith van Onselen

Earlier this year, the Australian Taxation Office (ATO) released its statistics for the 2013 financial year, which revealed that Western Australians are some of the heaviest users of negatively geared property investment (see below charts).

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Suffice to say, many of these investors must be growing nervous, with the REIWA releasing its latest rental data, which shows that Perth rents have plummeted by $50 (houses) and $55 (units) since December 2013, with the rental vacancy rate also hitting an “historical high” 5.6% in the September quarter:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.