|REIWA conducts a monthly survey of its members to gauge a reading of the vacancy rate of rental properties across the Perth metro region.
Members are asked two questions:
- What is the size of their monthly rent roll?
- How many vacant properties do they have?
Each month the survey captures a large sample of rental properties, which means the vacancy rate that is calculated is a good representation of current market conditions. Using this information, a monthly and three month vacancy rate is published.
The survey is completed at the end of the month. It takes two to three weeks to compile the data and then the vacancy rate is published. For example, the vacancy rate for the month of June 2016 is published three weeks into July 2016.
Ronak Bhimjiani, REIWA Research Officer