Treasury says the budget's tax changes will add just $2 a week to rents. The property industry says something completely different. In this episode, Michael Killiner sits down with Bree Ridge-Singh, Director of Property Management at Ray White Dalkeith, Claremont and Fremantle, to cut through the media noise and explain what's really happening on the ground in Perth's rental market.

With over a decade in the industry, Bree unpacks why the market is turning, why investors have largely stepped back since the budget, where renters and new migrants are actually ending up, and the Airbnb shift that's quietly tightening supply. She also shares exactly what she looks for in an investment property, how she thinks about rent rises and keeping good tenants, and her honest read on where the next 12 months are heading.

Essential listening for builders, buyers, and investors who want to understand what's really happening in the WA property market.

🔔 Subscribe and leave a comment with your questions — we build episodes around what YOU want to know.

General advice only and not personal advice. CRN 485467

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In this episode:

• The media's doom narrative is overblown for Perth. Values are easing (down roughly 3% from the April peak), but the dramatic falls seen over east are not rippling through Perth at the same levels. Finding local, on-the-ground operators is how you cut through the noise.

• Investor activity has largely dried up since the May budget. Bree is seeing almost no new landlords buying in; instead, mum-and-dad owners are holding and converting existing homes to rentals rather than selling into a soft market.

• Rentals now have to be near perfect to lease. With tenants cautious, properties need aircon, security and inclusions like pool servicing or a gardener, and pricing right matters more than ever as vacancies tick up and home-open numbers fall.

• The script has flipped on where investors buy. Perth owners are increasingly using their equity to buy interstate (Melbourne, Hobart, Darwin) for yield and affordability, pulling demand out of the local investment market.

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Website: ⁠⁠⁠https://tuskfinance.com.au⁠⁠⁠

Connect with Michael:

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Tusk Finance: ⁠⁠⁠[email protected]⁠⁠⁠

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Chapters:

(0:00) Introduction & Why the Rental Market Is Turning

(1:26) Cutting Through the Media Noise: Perth vs the Eastern States

(2:40) What's Changed Since the Budget: Why Buyers Are Sitting on Their Hands

(4:42) Where Have All the New Landlords Gone?

(5:22) Rising Vacancies & Why Rentals Now Have to Be Perfect

(7:59) The Script Has Flipped: Perth Investors Buying Over East

(9:07) Where Are Renters & Migrants Really Living? The Airbnb Effect

(11:18) Educating Clients: Media Hype vs What's Really Happening

(13:08) What to Look For in a Perth Investment Property

(15:54) Rent Rises & Tenant Retention: When Chasing More Backfires

(18:09) The 12-Month Outlook & the Rate-Rise Roundabout

(23:16) Taking Over Fremantle, Leading a Team & What Bree's Most Proud Of

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Produced by Podwave Studios: ⁠⁠⁠https://www.podwavestudios.au⁠⁠

#PerthProperty #PerthRentalMarket #PropertyManagement #PerthRealEstate #RayWhite #PropertyInvesting #RentalMarket #WARealEstate #ThatBackyardPropertyPodcast #PropertyPodcast