Good morning readers, and welcome to our live news blog for Thursday, July 9.
Making headlines today is grim news for the state’s renters, with new research showing Perth tenants are now paying record prices for rentals, cementing the market as the third-most expensive in the country.
WA residents are now paying $150 more per week than those seeking to rent a home in Melbourne, while units have also risen to a median price of $700 per week.
However, Domain’s latest Rent Report revealed on Thursday that despite the high prices across Western Australia, the market has risen significantly slower than other states.
Read the full article here
