Perth house rents have risen 21.5% for the year and are nearly...

Perth house rents have risen 21.5% for the year and are nearly double the next best, Melbourne rise of 11.8%. www.propertyobserver.com Residex. We told you last year this was happening but we were just ramping. Population increase, stagnant new house build, something has to give. Tenants moving out of one of my properties 0n 13th Nov. Rent was bit low at $300pw. New rent $370- $380pw. They were very good tenants and 12 months ago stated they were going to rent forever. They bought a house.