Experts warn that investors can get a nasty surprise from hidden costs when they rent out their property. Photo montage.
URGENT UPDATE: Perth renters are now facing an alarming average increase of $2,235 in housing costs for 2025 compared to last year, according to new research. This translates to an extra $43 a week, significantly impacting families struggling to keep up with soaring living expenses.
Latest data from national housing advocacy group Everybody’s Home reveals that renters of houses have been hit hardest, paying more than $50 extra weekly, amounting to $2,639 over the year. Unit renters also face challenges, with a $32 weekly hike, totaling $1,673 for the year. Perth now ranks third for yearly rent increases nationally, trailing only behind Sydney at $2,800 and Brisbane at $2,449.
Maiy Azize, a spokesperson for Everybody’s Home, emphasized the dire situation, stating, “Western Australia has a severe social housing shortfall of 53,000 homes—the low-cost rentals people can actually afford.” The lack of rental protections further exacerbates the problem, leaving families facing impossible choices just to maintain shelter.
As we approach the peak of the Christmas season, the financial burden weighs heavily on Perth families. An earlier report showed that many have resorted to extreme measures to cope. 52% of WA respondents reported limiting their heating and cooling, while 41% admitted to skipping meals—far exceeding the national average of 28%.
Azize added, “These rent hikes mean families are sacrificing what little they have for basic necessities. This is money that could have gone towards presents, holiday celebrations, or food on the table.” Families throughout Perth are grappling with these escalating costs, raising urgent concerns for their holiday budgets.
The situation is critical, with families falling behind on bills and forgoing essential services due to the ongoing cost-of-living crisis. The emotional toll is evident, as many express anxiety over their inability to provide for their loved ones during a season traditionally meant for joy and celebration.
In light of these developments, it is crucial for officials and policymakers to address the housing crisis in Western Australia. The community deserves immediate action to protect renters and ensure affordable housing options.
As the year draws to a close, all eyes will be on Perth to see how these rising costs will further affect families and what measures will be implemented to alleviate their struggles. The urgency of this situation cannot be overstated, and the voices of those affected must be heard.
