Kununurra's median rental price is now $635 per week. Broome, meanwhile, has seen prices rise by almost 40 per cent.
Regional migration
"I think it's a symbol of the supply and demand of properties that are available — so not a lot of vacancies pushes the demand up or increases the rent," she said. "Unless we can attract investors and get people investing in new houses, after the ones that are currently under construction have completed, the relief that we see could prove to be a dead cat bounce," Mr White said.Ray White Broome sales consultant Giles Tipping said the building industry had experienced delays and increased construction costs, but investors were starting to return to the market.
"They are looking at expanding over into WA, which I think will probably be good for families and tenants."
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