The core message is that increasing rental supply, not expanding regulations, is the key to improving conditions for tenants, and policy should foster investment to boost rental stock.

Proposed approach focuses on enabling investment and a supportive legislative environment to encourage more rental properties rather than imposing more regulation.

The Western Australian rental market remains tight, with declining supply and vacancy rates, and Perth vacancies falling below 2% as properties are rented in a median of two weeks.

REIWA’s elected president stresses ongoing advocacy for members and the Western Australian community, prioritizing housing supply and affordability.

Notable changes to the Residential Tenancies Act 1987 are anticipated, with concerns that reforms could reduce investor activity and limit tenant selection flexibility.

Policy context includes government taxation changes impacting investors, a brick shortage delaying new rental property delivery, and multiple interest rate rises narrowing borrowing capacity.

Rental prices remain at record highs even as the median rent stabilizes, highlighting the need for more supply to improve affordability.