A stark illustration of Perth's deepening rental crisis has emerged, with a modest brick-and-tile home in the Swan region hitting the market for an eye-watering $1,000 per week.
The three-bedroom, one-bathroom property, situated on a large 801sq m block, has been described by astonished locals as being in the "middle of nowhere." Despite its relatively basic offering and location away from the city centre, the listing has captured the desperate state of Western Australia's housing market.
'It's Just Crazy': Locals React to Soaring Costs
The property's premium price tag has sparked disbelief and frustration among residents. The home lacks modern luxuries and its valuation appears entirely driven by the extreme shortage of available rentals in the area. This listing is not an isolated incident but rather a symptom of a wider, crippling shortage across Perth.
A City in the Grip of a Housing Shortage
Perth is currently experiencing one of the tightest rental markets in the nation. Vacancy rates have plummeted to record lows, creating a fiercely competitive environment where prospective tenants are forced to offer well above the asking price to secure a home. This particular listing in Swan is a potent symbol of how far the market has shifted in favour of landlords.
The situation is putting immense pressure on families and individuals, pushing the dream of affordable housing further out of reach for many and contributing significantly to the overall cost-of-living pressures in Western Australia.
