Sumary of Mandurah’s rent surge almost left Kristie and her three children homeless, and she's not alone:
- Key points:Mandurah recorded the third-highest rent increase in the country in the past yearLocal real estate agents say rental hardship is not uncommon in townContributing factors include investors losing work and money due to COVID-19″We had nowhere else to go,” Ms Searle said.
- They include parts of Greater Perth, but also Bunbury and other communities in southern WA.
- The CoreLogic report suggested the steep rise in rents could have been caused by a boost in mining employment, as resource companies sought more WA-based staff due to border restrictions, and also due to investors selling their homes and reducing rental stocks.
- Ms Searle said after some back and forth, the owner offered them $465 a week but the family decided the property was not worth that much.
- (ABC News: Benjamin Gubana)Their real state property manager Martine Hedges helped extend their lease by 10 days.
- “Rental hardship not uncommon in MandurahMs Hedges, who works for Acton Mandurah, said it was a close call for the Searle family and not an uncommon problem.
- She said Acton Mandurah currently had four vacant rental properties on its books, whereas two years ago, they would have had up to 30. Property manager Martine Hedges says rents have risen sharply in the area because so many investors are selling their homes, creating a rental property shortage.
- (Supplied: Simone Hedges)”It’s a sad scenario that because we’ve got a shortage of stock, people are fighting for rentals,’ she said.