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Perth, WA, Australia
James Limnios is the CEO of Limnios Property Group and a City of Perth Councillor since the 2009 elections. He has been instrumental in the marketing and sales of all of the inner city projects sold by his Group and holds a personal record of over $300 million in sales over a two year period. James holds an Executive Master of Business Administration (EMBA) degree from The University of Western Australia. He is also Licensed Real Estate & Business Agent with a Diploma in Real Estate Management and holder of a REBA Triennial Certificate. Highly regarded for his expertise as a strong and ethical negotiator, he is a consultant to a number of large Australian and overseas companies looking to invest in Australia, Asia and Europe. In 2004 he was awarded the 40 Under 40 Business Award, presented to the top 40 West Australians under 40 years of age who excel in their field. Follow James on Twitter

Thursday 8 November 2012

Rent Increases in Perth City Properties

Rent Increases in Perth City Properties

By James Limnios
 

There is a huge demand on rental properties in the Perth inner suburbs at the moment, which means that rents are going through the roof. At time of writing, the average rent for an apartment in the city is about $100 more than an average house in a neighboring suburb.

At Limnios Property Group, we have about a 1% vacancy rate for inner city apartments, which is putting huge pressure on the market. It's not all bad news, as this is a great time to invest in these properties to give the rental market a boost.

To read more about the rising rent prices in Perth, click through to my article "Inner City Rent In Perth Skyrockets" on the Real Estate View blog.
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